CIBC Issues Positive Forecast for Centerra Gold (TSE:CG) Stock Price

Centerra Gold (TSE:CG) had its target price hoisted by CIBC from C$30.00 to C$37.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

CG has been the topic of a number of other reports. Cormark upgraded Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. TD Securities raised their price objective on Centerra Gold from C$19.00 to C$30.00 in a report on Thursday, January 22nd. BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Finally, Raymond James Financial increased their target price on Centerra Gold from C$24.50 to C$27.00 and gave the company a “market perform” rating in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Centerra Gold has a consensus rating of “Moderate Buy” and an average price target of C$20.63.

Centerra Gold Trading Up 0.3%

Centerra Gold stock opened at C$23.92 on Wednesday. The firm has a market cap of C$4.83 billion, a PE ratio of 14.86, a P/E/G ratio of 1.26 and a beta of 1.58. Centerra Gold has a 12 month low of C$7.72 and a 12 month high of C$27.55. The stock’s 50 day simple moving average is C$21.22 and its two-hundred day simple moving average is C$16.20. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

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

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 26th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. Centerra Gold’s payout ratio is currently 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.