Centerra Gold Inc. (TSE:CG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Centerra Gold Inc. (TSE:CG) has been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$24.43.

Several equities research analysts have recently weighed in on the company. BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Raymond James Financial raised their target price on Centerra Gold from C$24.50 to C$27.00 and gave the company a “market perform” rating in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce boosted their price target on Centerra Gold from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. Royal Bank Of Canada upped their price target on Centerra Gold from C$22.00 to C$31.00 in a report on Thursday. Finally, TD Securities increased their price objective on shares of Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd.

Centerra Gold Stock Performance

TSE:CG opened at C$24.19 on Monday. 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 firm has a market capitalization of C$4.84 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 1.26 and a beta of 1.74. The firm’s fifty day simple moving average is C$24.70 and its 200 day simple moving average is C$19.24. Centerra Gold has a twelve month low of C$7.72 and a twelve month 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 firm had revenue of C$531.63 million during the quarter.

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th will be paid a $0.07 dividend. The ex-dividend date is Thursday, March 12th. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. Centerra Gold’s dividend payout ratio 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.