Centerra Gold (TSE:CG) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Centerra Gold (TSE:CG) had its target price boosted by equities research analysts at Raymond James Financial from C$24.50 to C$27.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 8.30% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Cormark upgraded shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. Canaccord Genuity Group boosted their price target on shares of Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday. Finally, CIBC lifted their price objective on Centerra Gold from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$18.63.

Centerra Gold Price Performance

CG opened at C$24.93 on Wednesday. The firm has a market capitalization of C$5.03 billion, a P/E ratio of 15.48, a PEG ratio of 1.26 and a beta of 1.67. The stock has a fifty day moving average of C$19.77 and a 200-day moving average of C$15.21. 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 has a 12-month low of C$7.72 and a 12-month high of C$25.92.

Centerra Gold (TSE:CG) last announced its quarterly earnings data 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 return on equity of 6.06% and a net margin of 8.32%.

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.