TD Securities Raises Centerra Gold (TSE:CG) Price Target to C$30.00

Centerra Gold (TSE:CG) had its price objective increased by research analysts at TD Securities from C$19.00 to C$30.00 in a report issued on Thursday,BayStreet.CA reports. TD Securities’ price objective suggests a potential upside of 18.02% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Raymond James Financial increased their target price on shares of Centerra Gold from C$24.50 to C$27.00 and gave the company a “market perform” rating in a report on Wednesday. Cormark upgraded Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday. Canaccord Genuity Group raised their target price on shares of Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. Finally, CIBC upped their price target on shares of Centerra Gold from C$20.00 to C$21.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Centerra Gold has an average rating of “Moderate Buy” and an average price target of C$18.63.

Centerra Gold Price Performance

Shares of CG traded up C$1.06 during midday trading on Thursday, reaching C$25.42. The stock had a trading volume of 440,214 shares, compared to its average volume of 922,493. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The company has a market capitalization of C$5.13 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.26 and a beta of 1.67. The company’s 50-day moving average is C$19.61 and its 200 day moving average is C$15.14. Centerra Gold has a 12-month low of C$7.72 and a 12-month high of C$25.92.

Centerra Gold (TSE:CG) last released its 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 company had revenue of C$550.23 million during the quarter.

About Centerra Gold

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.