Centerra Gold (TSE:CG) Price Target Raised to C$30.00 at TD Securities

Centerra Gold (TSE:CG) had its price target boosted by TD Securities from C$19.00 to C$30.00 in a report issued on Thursday,BayStreet.CA reports.

A number of other equities analysts have also weighed in on the company. BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday. Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Canaccord Genuity Group lifted their price target on Centerra Gold from C$16.00 to C$19.50 in a research report on Thursday, October 2nd. Raymond James Financial upped their price objective 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. Finally, CIBC raised their price objective on shares of Centerra Gold from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Centerra Gold currently has a consensus rating of “Moderate Buy” and an average target price of C$18.63.

Centerra Gold Stock Up 2.3%

CG stock opened at C$24.93 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. The firm’s fifty day simple moving average is C$19.77 and its 200-day simple moving average is C$15.21. Centerra Gold has a 12 month low of C$7.72 and a 12 month high of C$25.92. The company has a market capitalization of C$5.03 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.67.

Centerra Gold (TSE:CG) last issued 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 26th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, November 13th. This represents a $0.28 dividend on an annualized basis and a dividend 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.