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

Centerra Gold (TSE:CG) had its price objective lifted by CIBC from C$21.00 to C$30.00 in a research note released on Friday morning,BayStreet.CA reports.

CG has been the subject of a number of other reports. Canaccord Genuity Group lifted their target price on shares of Centerra Gold from C$16.00 to C$19.50 in a research note on Thursday, October 2nd. Cormark raised shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. TD Securities boosted their price objective on shares of Centerra Gold from C$19.00 to C$30.00 in a report on Thursday. Raymond James Financial upped 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. Finally, BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday. Two research 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$19.75.

Centerra Gold Stock Up 1.0%

Centerra Gold stock opened at C$25.19 on Friday. Centerra Gold has a 1-year low of C$7.72 and a 1-year high of C$25.92. The business has a fifty day moving average price of C$19.93 and a 200-day moving average price of C$15.32. 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 stock has a market capitalization of C$5.08 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.26 and a beta of 1.67.

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

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 26th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, November 13th. Centerra Gold’s dividend payout ratio is presently 12.46%.

About Centerra Gold

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.