Centerra Gold (TSE:CG) Price Target Raised to C$31.00 at Royal Bank Of Canada

Centerra Gold (TSE:CG) had its target price raised by Royal Bank Of Canada from C$22.00 to C$31.00 in a research report report published on Thursday,BayStreet.CA reports.

Several other brokerages have also weighed in on CG. BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. TD Securities upped their price target on shares of Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd. Raymond James Financial increased their price objective on shares of Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of Centerra Gold from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Centerra Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$24.43.

Centerra Gold Stock Down 1.4%

TSE:CG opened at C$25.24 on Thursday. 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 of C$24.61 and a 200-day moving average of C$19.03. The firm has a market capitalization of C$5.05 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.74. Centerra Gold has a 52 week low of C$7.72 and a 52 week high of C$28.97.

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

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, March 12th. Centerra Gold’s dividend payout ratio (DPR) is 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.