Brokerages Set Centerra Gold Inc. (TSE:CG) Target Price at C$19.75

Shares of Centerra Gold Inc. (TSE:CG) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$19.75.

A number of research firms have issued reports on CG. CIBC upped their price target on shares of Centerra Gold from C$21.00 to C$30.00 in a report on Friday, January 23rd. Canaccord Genuity Group increased their target price on Centerra Gold from C$16.00 to C$19.50 in a research note on Thursday, October 2nd. BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. TD Securities upped their price target on Centerra Gold from C$19.00 to C$30.00 in a report on Thursday, January 22nd. Finally, Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th.

Centerra Gold Trading Up 2.1%

Shares of CG stock opened at C$26.49 on Friday. Centerra Gold has a 12 month low of C$7.72 and a 12 month high of C$26.87. The company has a market cap of C$5.34 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.26 and a beta of 1.67. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is C$20.32 and its two-hundred day moving average is C$15.63.

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

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 26th were given a dividend of $0.07 per share. The ex-dividend date of this dividend 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 currently 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.