Brokerages Set Centerra Gold Inc. (TSE:CG) PT at C$27.36

Shares of Centerra Gold Inc. (TSE:CG) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$27.36.

Several equities research analysts recently commented on the stock. TD Securities lifted their price target on shares of Centerra Gold from C$19.00 to C$30.00 in a research note on Thursday, January 22nd. Royal Bank Of Canada raised their price objective on Centerra Gold from C$22.00 to C$31.00 in a report on Thursday, March 12th. 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 research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce boosted their target price on Centerra Gold from C$30.00 to C$37.00 in a report on Wednesday, February 4th. Finally, BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th.

Centerra Gold Stock Performance

Shares of CG opened at C$25.92 on Thursday. The company has a market capitalization of C$5.17 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 1.26 and a beta of 1.81. Centerra Gold has a 52-week low of C$8.69 and a 52-week high of C$28.97. The company has a quick ratio of 3.24, a current ratio of 2.39 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$21.68.

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

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 26th were paid a $0.07 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. Centerra Gold’s payout ratio is currently 7.07%.

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.