Centerra Gold (TSE:CG) Price Target Raised to C$27.00

by · The Markets Daily

Centerra Gold (TSE:CG – Free Report) had its price objective upped by ATB Cormark Capital Markets from C$26.00 to C$27.00 in a research report released on Thursday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has a sector perform rating on the stock.

A number of other research firms have also weighed in on CG. Canadian Imperial Bank of Commerce upped their price objective on Centerra Gold from C$37.00 to C$38.00 in a research report on Thursday. Raymond James Financial increased their price objective on Centerra Gold from C$28.00 to C$29.00 and gave the company a “market perform” rating in a research note on Thursday. Desjardins lifted their target price on Centerra Gold from C$30.00 to C$33.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Finally, TD boosted their target price on Centerra Gold from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research note on Thursday. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$28.17.

Read Our Latest Analysis on CG

Centerra Gold Price Performance

Shares of CG opened at C$24.10 on Thursday. Centerra Gold has a fifty-two week low of C$9.25 and a fifty-two week high of C$28.97. The firm’s 50 day moving average price is C$22.99 and its 200 day moving average price is C$24.24. The company has a market cap of C$4.71 billion, a P/E ratio of 7.70, a PEG ratio of 1.26 and a beta of 1.83. The company has a quick ratio of 3.24, a current ratio of 2.42 and a debt-to-equity ratio of 2.11.

Centerra Gold (TSE:CG – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported C$0.55 earnings per share (EPS) for the quarter. Centerra Gold had a net margin of 37.72% and a return on equity of 30.90%. The company had revenue of C$629.00 million for the quarter.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, June 4th were paid a $0.07 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. Centerra Gold’s payout ratio is currently 6.45%.

Insider Buying and Selling

In other news, Director Paul Nicholas Wright acquired 5,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of C$22.31 per share, with a total value of C$111,550.00. Following the transaction, the director owned 130,000 shares in the company, valued at approximately C$2,900,300. This trade represents a 4.00% increase in their position. Also, Director Eric Dell sold 7,827 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of C$22.97, for a total transaction of C$179,786.19. Insiders sold 10,252 shares of company stock valued at $235,442 in the last quarter. 0.21% of the stock is owned by insiders.

Centerra Gold Company Profile

(Get Free Report)

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 Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada.

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