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

Centerra Gold Inc. (TSE:CG) has earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$15.09.

A number of research analysts recently issued reports on the stock. CIBC boosted their target price on shares of Centerra Gold from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Canaccord Genuity Group lifted their price objective on Centerra Gold from C$16.00 to C$19.50 in a research note on Thursday, October 2nd. Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. BMO Capital Markets raised their target price on Centerra Gold from C$10.00 to C$14.00 in a report on Monday, September 15th. Finally, Royal Bank Of Canada cut Centerra Gold from a “moderate buy” rating to a “hold” rating and lifted their price target for the company from C$13.00 to C$14.00 in a research report on Wednesday, September 10th.

Centerra Gold Trading Up 4.3%

Centerra Gold stock opened at C$21.19 on Wednesday. The stock has a 50-day moving average price of C$18.26 and a 200 day moving average price of C$14.20. The company has a market capitalization of C$4.28 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.26 and a beta of 1.67. Centerra Gold has a 52 week low of C$7.72 and a 52 week high of C$21.33. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26.

Centerra Gold (TSE:CG) last announced its quarterly earnings data on Tuesday, October 28th. The company reported C$1.43 EPS for the quarter. The business 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 company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 26th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, November 13th. Centerra Gold’s payout ratio is 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.