Centerra Gold (TSE:CG) Price Target Raised to C$37.00 at CIBC

Centerra Gold (TSE:CG) had its price target increased by equities researchers at CIBC from C$30.00 to C$37.00 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 57.72% from the company’s previous close.

Other equities research analysts have also issued reports about the company. BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Cormark upgraded shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Raymond James Financial boosted 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 note on Wednesday, January 21st. Finally, TD Securities upped their target price on Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Centerra Gold presently has an average rating of “Moderate Buy” and an average target price of C$20.63.

Centerra Gold Trading Down 1.6%

CG stock traded down C$0.39 on Wednesday, hitting C$23.46. 569,271 shares of the company were exchanged, compared to its average volume of 1,193,955. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. The stock has a market capitalization of C$4.73 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58. Centerra Gold has a twelve month low of C$7.72 and a twelve month high of C$27.55. The business’s fifty day moving average is C$21.10 and its two-hundred day moving average is C$16.15.

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

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.