Centerra Gold (TSE:CG) Stock Price Expected to Rise, Desjardins Analyst Says

Centerra Gold (TSE:CG) had its price target lifted by analysts at Desjardins from C$30.00 to C$33.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price target points to a potential upside of 27.31% from the stock’s current price.

CG has been the subject of a number of other research reports. TD Securities lifted their price target on Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd. BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada lifted their price target on Centerra Gold from C$22.00 to C$31.00 in a research report on Thursday, March 12th. Raymond James Financial lifted their price target 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. Finally, Canadian Imperial Bank of Commerce lifted their price target on Centerra Gold from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$27.36.

Centerra Gold Stock Performance

Shares of CG opened at C$25.92 on Thursday. The company has a market cap of C$5.17 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 1.26 and a beta of 1.81. The company has a current ratio of 2.39, a quick ratio of 3.24 and a debt-to-equity ratio of 1.44. The stock has a 50-day moving average price of C$25.49 and a 200-day moving average price of C$21.64. Centerra Gold has a 12-month low of C$8.69 and a 12-month high of C$28.97.

Centerra Gold (TSE:CG) last issued its quarterly earnings results on Thursday, February 19th. The company reported C$0.56 earnings per share (EPS) for the quarter. The firm had revenue of C$531.63 million during the quarter. Centerra Gold had a return on equity of 31.90% and a net margin of 43.18%.

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.