Centerra Gold Inc. (TSE:CG) Given Average Recommendation of “Moderate Buy” by Analysts

Centerra Gold Inc. (TSE:CG) has received an average rating of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$15.09.

A number of brokerages have issued reports on CG. Raymond James Financial boosted their price target on Centerra Gold from C$16.50 to C$16.75 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. CIBC upped their price objective on shares of Centerra Gold from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Royal Bank Of Canada lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating and increased their target price for the company from C$13.00 to C$14.00 in a research report on Wednesday, September 10th. Canaccord Genuity Group boosted their price target on shares of Centerra Gold from C$16.00 to C$19.50 in a research report on Thursday, October 2nd. Finally, Cormark raised shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th.

Centerra Gold Price Performance

TSE CG opened at C$19.42 on Wednesday. The company has a 50-day moving average price of C$18.03 and a two-hundred day moving average price of C$14.05. Centerra Gold has a 52 week low of C$7.72 and a 52 week high of C$21.27. The stock has a market cap of C$3.92 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.26 and a beta of 1.67. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

Centerra Gold (TSE:CG) last issued its quarterly earnings data on Tuesday, October 28th. The company reported C$1.43 earnings per share (EPS) for the quarter. Centerra Gold had a return on equity of 6.06% and a net margin of 8.32%.The business had revenue of C$550.23 million during the quarter.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 26th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, November 13th. Centerra Gold’s payout ratio is currently 12.46%.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Goldfield District Project in Nevada, United States, the Kemess Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada.