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

Centerra Gold Inc. (TSE:CG) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$26.42.

Several research firms recently commented on CG. Raymond James Financial raised their price target on shares of Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce boosted their price objective on shares of Centerra Gold from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. TD Securities upped their target price on shares of Centerra Gold from C$19.00 to C$30.00 in a research note on Thursday, January 22nd. Royal Bank Of Canada raised their target price on shares of Centerra Gold from C$22.00 to C$31.00 in a research report on Thursday, March 12th. Finally, BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th.

Centerra Gold Stock Performance

Shares of Centerra Gold stock opened at C$21.70 on Monday. The stock’s fifty day moving average is C$24.96 and its two-hundred day moving average is C$19.67. The company has a market capitalization of C$4.34 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 1.26 and a beta of 1.74. The company has a quick ratio of 3.24, a current ratio of 2.39 and a debt-to-equity ratio of 1.44. Centerra Gold has a 52 week low of C$7.72 and a 52 week high of C$28.97.

Centerra Gold (TSE:CG) last released its earnings results on Thursday, February 19th. The company reported C$0.56 earnings per share for the quarter. The business had revenue of C$531.63 million during the quarter. Centerra Gold had a return on equity of 31.90% and a net margin of 43.18%.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 26th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, March 12th. Centerra Gold’s dividend payout ratio (DPR) is presently 7.07%.

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.