BMO Capital Markets Upgrades Centerra Gold (TSE:CG) to Outperform

Centerra Gold (TSE:CG) was upgraded by stock analysts at BMO Capital Markets from a “hold” rating to an “outperform” rating in a note issued to investors on Tuesday, MarketBeat reports.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group increased their price objective on shares of Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. CIBC upped their target price on shares of Centerra Gold from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Cormark upgraded Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. Finally, Raymond James Financial increased their price objective on Centerra Gold from C$16.50 to C$16.75 and gave the stock a “market perform” rating in a 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centerra Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$16.38.

Centerra Gold Stock Performance

Shares of CG stock opened at C$24.36 on Tuesday. The company has a market cap of C$4.92 billion, a P/E ratio of 15.13, a PEG ratio of 1.26 and a beta of 1.67. The business has a 50 day moving average of C$19.61 and a two-hundred day moving average of C$15.14. Centerra Gold has a 52 week low of C$7.72 and a 52 week high of C$25.92. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26.

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

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.