Centerra Gold (TSE:CG) Stock Price Expected to Rise, CIBC Analyst Says

Centerra Gold (TSE:CG) had its price target hoisted by analysts at CIBC from C$30.00 to C$37.00 in a report issued on Wednesday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 64.15% from the company’s previous close.

CG has been the topic of several other research reports. BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. Raymond James Financial increased their price objective on shares of Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a report on Wednesday, January 21st. TD Securities raised their price objective on shares of Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd. Finally, Cormark upgraded shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$20.63.

Centerra Gold Stock Performance

TSE CG opened at C$22.54 on Wednesday. Centerra Gold has a 1-year low of C$7.72 and a 1-year high of C$27.55. The company has a 50 day moving average of C$21.30 and a 200-day moving average of C$16.25. 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 market cap of C$4.55 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 1.26 and a beta of 1.58.

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

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.