Centerra Gold Inc. (TSE:CG) Receives C$14.94 Average PT from Analysts

Centerra Gold Inc. (TSE:CG) has been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$14.94.

Several analysts have issued reports on the company. CIBC upped their price objective on Centerra Gold from C$15.00 to C$20.00 in a research note on Friday, October 10th. BMO Capital Markets increased their price target on Centerra Gold from C$10.00 to C$14.00 in a research report on Monday, September 15th. Canaccord Genuity Group increased their price target on Centerra Gold from C$16.00 to C$19.50 in a research report on Thursday, October 2nd. Raymond James Financial cut Centerra Gold from a “moderate buy” rating to a “hold” rating and increased their price target for the stock from C$13.50 to C$16.50 in a research report on Friday, October 10th. Finally, Royal Bank Of Canada cut 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 report on Wednesday, September 10th.

Centerra Gold Trading Down 6.9%

Shares of TSE CG opened at C$16.59 on Friday. The stock’s 50 day moving average price is C$12.96 and its two-hundred day moving average price is C$10.77. Centerra Gold has a 52-week low of C$7.72 and a 52-week high of C$17.97. The stock has a market capitalization of C$3.37 billion, a P/E ratio of 48.79, a PEG ratio of 1.26 and a beta of 1.55. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, September 4th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.7%. The ex-dividend date was Thursday, August 21st. Centerra Gold’s dividend payout ratio (DPR) is currently 59.31%.

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.