TD Securities Forecasts Strong Price Appreciation for Centerra Gold (TSE:CG) Stock

Centerra Gold (TSE:CG) had its price target boosted by investment analysts at TD Securities from C$19.00 to C$30.00 in a report released on Thursday,BayStreet.CA reports. TD Securities’ target price suggests a potential upside of 18.02% from the company’s previous close.

A number of other brokerages have also recently issued reports on CG. Cormark upgraded Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. CIBC increased their price target on shares of Centerra Gold from C$20.00 to C$21.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday. Raymond James Financial boosted their price target on Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Canaccord Genuity Group increased their price objective on Centerra Gold from C$16.00 to C$19.50 in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Centerra Gold has an average rating of “Moderate Buy” and an average price target of C$18.63.

Centerra Gold Stock Up 4.4%

CG traded up C$1.06 during trading on Thursday, reaching C$25.42. The stock had a trading volume of 440,214 shares, compared to its average volume of 922,493. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The company has a market capitalization of C$5.13 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 1.26 and a beta of 1.67. The stock’s 50 day moving average is C$19.61 and its two-hundred day moving average is C$15.14. Centerra Gold has a one year low of C$7.72 and a one year high of C$25.92.

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

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.