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

Centerra Gold (TSE:CG) had its price objective hoisted by analysts at TD Securities from C$19.00 to C$30.00 in a research note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 19.09% from the company’s previous close.

CG has been the topic of a number of other reports. Canaccord Genuity Group upped their price objective on Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. CIBC lifted their target price 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. BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday. Raymond James Financial raised their price objective on Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Cormark upgraded shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Centerra Gold has a consensus rating of “Moderate Buy” and a consensus target price of C$19.75.

Centerra Gold Trading Up 1.0%

Shares of CG opened at C$25.19 on Thursday. Centerra Gold has a 12-month low of C$7.72 and a 12-month high of C$25.92. The firm has a market capitalization of C$5.08 billion, a P/E ratio of 15.65, a P/E/G ratio of 1.26 and a beta of 1.67. The firm has a 50-day moving average price of C$19.93 and a 200 day moving average price of C$15.32. 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 (TSE:CG) last posted its earnings results on Tuesday, October 28th. The company reported C$1.43 earnings per share for the quarter. Centerra Gold had a net margin of 8.32% and a return on equity of 6.06%. The company had revenue of C$550.23 million for 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.