Centerra Gold (TSE:CG) Price Target Raised to C$38.00

Centerra Gold (TSE:CG) had its price target raised by Canadian Imperial Bank of Commerce from C$37.00 to C$38.00 in a report released on Thursday,BayStreet.CA reports.

Separately, Desjardins increased their price objective on shares of Centerra Gold from C$30.00 to C$33.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Centerra Gold has a consensus rating of “Moderate Buy” and an average price target of C$28.17.

Centerra Gold Stock Down 6.1%

CG stock opened at C$24.10 on Thursday. Centerra Gold has a fifty-two week low of C$9.25 and a fifty-two week high of C$28.97. The business’s 50-day moving average is C$22.99 and its two-hundred day moving average is C$24.24. The company has a debt-to-equity ratio of 2.11, a quick ratio of 3.24 and a current ratio of 2.42. The company has a market cap of C$4.71 billion, a price-to-earnings ratio of 7.70, a P/E/G ratio of 1.26 and a beta of 1.83.

Centerra Gold (TSE:CG) last announced its earnings results on Tuesday, July 28th. The company reported C$0.55 earnings per share (EPS) for the quarter. The business had revenue of C$629.00 million for the quarter. Centerra Gold had a return on equity of 30.90% and a net margin of 37.72%.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, June 4th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. Centerra Gold’s payout ratio is currently 6.45%.

Insider Activity at Centerra Gold

In other Centerra Gold news, Director Eric Dell sold 7,827 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of C$22.97, for a total value of C$179,786.19. Also, Director Paul Nicholas Wright acquired 5,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of C$22.31 per share, with a total value of C$111,550.00. Following the completion of the acquisition, the director owned 130,000 shares in the company, valued at approximately C$2,900,300. This represents a 4.00% increase in their ownership of the stock. Insiders sold a total of 10,252 shares of company stock valued at $235,442 over the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

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 Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada.