Centerra Gold Inc. (TSE:CG) Receives C$15.09 Average Price Target from Analysts

Centerra Gold Inc. (TSE:CG) has received an average rating of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$15.09.

A number of equities research analysts recently issued reports on the company. Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. CIBC boosted their target price on shares of Centerra Gold from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. BMO Capital Markets upped their price objective on shares of Centerra Gold from C$10.00 to C$14.00 in a research note on Monday, September 15th. Canaccord Genuity Group lifted their target price on shares of Centerra Gold from C$16.00 to C$19.50 in a research note on Thursday, October 2nd. Finally, Royal Bank Of Canada lowered Centerra Gold from a “moderate buy” rating to a “hold” rating and increased their price target for the stock from C$13.00 to C$14.00 in a research note on Wednesday, September 10th.

Centerra Gold Price Performance

CG stock opened at C$16.90 on Tuesday. The firm has a 50 day moving average of C$15.19 and a 200-day moving average of C$11.78. The company has a market cap of C$3.41 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 1.26 and a beta of 1.60. 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$17.97.

Centerra Gold (TSE:CG) last released its quarterly earnings results on Tuesday, October 28th. The company reported C$1.43 earnings per share 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 for the quarter.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 26th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, November 13th. Centerra Gold’s dividend payout ratio (DPR) 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.