Centerra Gold Inc. (TSE:CG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Centerra Gold Inc. (TSE:CG) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$15.09.

CG has been the subject of a number of analyst reports. Cormark raised shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. Canaccord Genuity Group lifted their price objective on Centerra Gold from C$16.00 to C$19.50 in a research report on Thursday, October 2nd. CIBC boosted their price objective on 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 raised their target price on Centerra Gold from C$10.00 to C$14.00 in a research note on Monday, September 15th. Finally, Royal Bank Of Canada downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating and lifted their target price for the stock from C$13.00 to C$14.00 in a report on Wednesday, September 10th.

Centerra Gold Stock Performance

Shares of CG stock opened at C$19.86 on Wednesday. The stock has a market capitalization of C$4.01 billion, a PE ratio of 12.34, a PEG ratio of 1.26 and a beta of 1.59. The business’s 50 day simple moving average is C$17.79 and its 200 day simple moving average is C$13.84. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. Centerra Gold has a one year low of C$7.72 and a one year high of C$21.27.

Centerra Gold (TSE:CG) last released its quarterly earnings results on Tuesday, October 28th. The company reported C$1.43 earnings per share (EPS) for the quarter. The firm had revenue of C$550.23 million during the quarter. Centerra Gold had a net margin of 8.32% and a return on equity of 6.06%.

Centerra Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 26th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, November 13th. Centerra Gold’s payout ratio is 12.46%.

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.