Centerra Gold (TSE:CG) Price Target Raised to C$27.00 at Raymond James Financial

Centerra Gold (TSE:CG) had its target price hoisted by analysts at Raymond James Financial from C$24.50 to C$27.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 10.38% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. Canaccord Genuity Group boosted their price target on shares of Centerra Gold from C$16.00 to C$19.50 in a research note on Thursday, October 2nd. BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, CIBC upped their target price 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. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$16.38.

Centerra Gold Trading Down 2.2%

CG stock traded down C$0.54 during mid-day trading on Wednesday, reaching C$24.46. The company’s stock had a trading volume of 768,796 shares, compared to its average volume of 897,702. 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 has a 12 month low of C$7.72 and a 12 month high of C$25.92. The business’s 50 day moving average price is C$19.47 and its 200 day moving average price is C$15.08. The company has a market cap of C$4.94 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.26 and a beta of 1.67.

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

About Centerra Gold

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.