Raymond James Financial Issues Positive Forecast for Centerra Gold (TSE:CG) Stock Price

Centerra Gold (TSE:CG) had its price objective hoisted by Raymond James Financial from C$24.50 to C$27.00 in a research report released on Wednesday morning,BayStreet.CA reports. Raymond James Financial currently has a market perform rating on the stock.

CG has been the topic of a number of other reports. Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. Canaccord Genuity Group increased their target price on shares of Centerra Gold from C$16.00 to C$19.50 in a research report on Thursday, October 2nd. CIBC boosted their price target 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. Finally, BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Centerra Gold currently has an average rating of “Moderate Buy” and a consensus price target of C$16.38.

Centerra Gold Stock Down 2.6%

CG opened at C$24.36 on Wednesday. Centerra Gold has a twelve month low of C$7.72 and a twelve month 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. The company has a 50-day moving average price of C$19.61 and a 200 day moving average price of C$15.14. The company has a market cap of C$4.92 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 1.26 and a beta of 1.67.

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

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 26th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.28 annualized dividend and a yield of 1.1%. Centerra Gold’s dividend payout ratio (DPR) is 12.46%.

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.