Centerra Gold (TSE:CG) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Centerra Gold (TSE:CG) from a hold rating to an outperform rating in a research note released on Tuesday, Marketbeat reports.

CG has been the topic of a number of other reports. CIBC increased 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. Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. Canaccord Genuity Group raised their price target on Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. Finally, Raymond James Financial lifted their price objective on Centerra Gold from C$16.50 to C$16.75 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$18.63.

Centerra Gold Trading Up 2.3%

CG opened at C$24.93 on Tuesday. Centerra Gold has a 1-year low of C$7.72 and a 1-year high of C$25.92. The stock has a market capitalization of C$5.03 billion, a PE ratio of 15.48, a PEG ratio of 1.26 and a beta of 1.67. 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 firm has a 50-day moving average price of C$19.77 and a two-hundred day moving average price of C$15.21.

Centerra Gold (TSE:CG) last released its quarterly earnings results on Tuesday, October 28th. The company reported C$1.43 EPS for the quarter. The business had revenue of C$550.23 million for 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. Stockholders of record on Wednesday, November 26th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is currently 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.