Centerra Gold (TSE:CG) Upgraded by BMO Capital Markets to Strong-Buy Rating

BMO Capital Markets upgraded shares of Centerra Gold (TSE:CG) from a hold rating to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

CG has been the subject of a number of other research reports. Cormark upgraded Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. CIBC boosted their price objective on shares of Centerra Gold from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Raymond James Financial raised their target price on shares of 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. Finally, 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. Three investment 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. According to MarketBeat, Centerra Gold has an average rating of “Buy” and an average target price of C$15.09.

Centerra Gold Stock Up 8.2%

TSE CG opened at C$25.00 on Tuesday. Centerra Gold has a 1 year low of C$7.72 and a 1 year high of C$25.42. The stock has a market capitalization of C$5.04 billion, a PE ratio of 15.53, a PEG ratio of 1.26 and a beta of 1.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. The business’s 50-day moving average is C$19.47 and its 200 day moving average is C$15.08.

Centerra Gold (TSE:CG) last released its quarterly earnings results on Tuesday, October 28th. The company reported C$1.43 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 declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 26th were issued 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 dividend yield of 1.1%. Centerra Gold’s dividend payout ratio is presently 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.