CIBC Boosts Centerra Gold (TSE:CG) Price Target to C$30.00

Centerra Gold (TSE:CG) had its target price upped by stock analysts at CIBC from C$21.00 to C$30.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 19.09% from the company’s current price.

A number of other equities research analysts also recently commented on CG. TD Securities lifted their price target on shares of Centerra Gold from C$19.00 to C$30.00 in a report on Thursday. BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Raymond James Financial boosted their price target on 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. Finally, Canaccord Genuity Group upped their target price on Centerra Gold from C$16.00 to C$19.50 in a research note on Thursday, October 2nd. Two investment 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.75.

Centerra Gold Stock Performance

Shares of CG stock opened at C$25.19 on Friday. The stock has a 50 day simple moving average of C$19.93 and a 200-day simple moving average of C$15.36. The company has a market cap of C$5.08 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth 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. 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 issued 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 firm 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.