Brokerages Set Centerra Gold Inc. (TSE:CG) Target Price at C$27.36

Shares of Centerra Gold Inc. (TSE:CG) have earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$27.36.

A number of research firms have recently weighed in on CG. Royal Bank Of Canada boosted their target price on Centerra Gold from C$22.00 to C$31.00 in a research report on Thursday, March 12th. BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Canadian Imperial Bank of Commerce boosted their target price on Centerra Gold from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. Desjardins boosted their target price on Centerra Gold from C$30.00 to C$33.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Finally, TD Securities boosted their target price on Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd.

Centerra Gold Trading Down 3.0%

Shares of CG opened at C$23.90 on Thursday. The stock has a fifty day moving average price of C$25.44 and a two-hundred day moving average price of C$21.87. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.24 and a current ratio of 2.39. Centerra Gold has a 52-week low of C$8.69 and a 52-week high of C$28.97. The company has a market cap of C$4.77 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 1.26 and a beta of 1.81.

Centerra Gold (TSE:CG) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.61 earnings per share (EPS) for the quarter. The firm had revenue of C$673.87 million during the quarter. Centerra Gold had a return on equity of 31.90% and a net margin of 43.18%.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, March 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. Centerra Gold’s payout ratio is presently 7.07%.

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.