BMO Capital Markets Issues Positive Forecast for Centerra Gold (TSE:CG) Stock Price

Centerra Gold (TSE:CG) had its target price raised by BMO Capital Markets from C$10.00 to C$14.00 in a report released on Monday morning,BayStreet.CA reports.

CG has been the topic of a number of other research reports. Cibc World Mkts upgraded Centerra Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 27th. Raymond James Financial increased their price target on Centerra Gold from C$13.00 to C$13.50 in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating and lifted their price objective for the stock from C$13.00 to C$14.00 in a report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$12.47.

Centerra Gold Price Performance

Shares of TSE CG opened at C$12.73 on Monday. Centerra Gold has a fifty-two week low of C$7.72 and a fifty-two week high of C$13.07. The stock has a market cap of C$2.59 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 1.26 and a beta of 1.24. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The firm’s 50-day simple moving average is C$10.49 and its 200 day simple moving average is C$9.70.

Centerra Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, September 4th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, August 21st. Centerra Gold’s payout ratio is 59.31%.

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.