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

Centerra Gold Inc. (TSE:CG) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$19.75.

Several equities analysts have recently issued reports on CG shares. Cormark raised shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Raymond James Financial lifted their target price on Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a report on Wednesday. CIBC upped their price target on Centerra Gold from C$21.00 to C$30.00 in a research report on Friday. Finally, TD Securities raised their price objective on Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday.

Centerra Gold Stock Performance

TSE:CG opened at C$25.19 on Friday. The stock’s 50-day moving average is C$19.93 and its 200-day moving average is C$15.36. Centerra Gold has a 1-year low of C$7.72 and a 1-year high of C$25.92. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The stock has a market cap of C$5.08 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.26 and a beta of 1.67.

Centerra Gold (TSE:CG) last issued 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 net margin of 8.32% and a return on equity of 6.06%. The business had revenue of C$550.23 million during the quarter.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 26th were issued a dividend of $0.07 per share. The ex-dividend date 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 presently 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.