Centerra Gold (TSE:CG) Price Target Raised to C$30.00

Centerra Gold (TSE:CG) had its price objective lifted by CIBC from C$21.00 to C$30.00 in a research note issued to investors on Friday,BayStreet.CA reports.

Several other equities research analysts have also commented on CG. TD Securities upped their price target on shares of Centerra Gold from C$19.00 to C$30.00 in a report on Thursday. Canaccord Genuity Group boosted their price objective on Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Raymond James Financial lifted their price target on Centerra Gold from C$24.50 to C$27.00 and gave the company a “market perform” rating in a research report on Wednesday, January 21st. Finally, Cormark upgraded Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.75.

Centerra Gold Stock Up 1.0%

Shares of TSE:CG opened at C$25.19 on Friday. Centerra Gold has a 52-week low of C$7.72 and a 52-week high of C$25.92. The business’s 50 day simple moving average is C$19.93 and its two-hundred day simple moving average is C$15.40. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The firm has a market cap of C$5.08 billion, a P/E ratio of 15.65, a PEG ratio of 1.26 and a beta of 1.67.

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

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 26th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, November 13th. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. Centerra Gold’s dividend 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.