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

Shares of Centerra Gold Inc. (TSE:CG) have earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$19.75.

Several brokerages have issued reports on CG. BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Canaccord Genuity Group lifted their price objective on shares of Centerra Gold from C$16.00 to C$19.50 in a research note on Thursday, October 2nd. TD Securities increased their target price on shares of Centerra Gold from C$19.00 to C$30.00 in a research note on Thursday. Raymond James Financial lifted their price target on shares of Centerra Gold from C$24.50 to C$27.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, CIBC upped their price objective on shares of Centerra Gold from C$21.00 to C$30.00 in a report on Friday.

Centerra Gold Stock Performance

Shares of Centerra Gold stock opened at C$25.19 on Friday. The business has a 50-day moving average price of C$19.93 and a two-hundred day moving average price of C$15.36. Centerra Gold has a 1-year low of C$7.72 and a 1-year high of C$25.92. 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 cap of C$5.08 billion, a P/E ratio of 15.65, a PEG ratio of 1.26 and a beta of 1.67.

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. 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 for the quarter.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 26th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, November 13th. Centerra Gold’s dividend payout ratio is 12.46%.

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.