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

Centerra Gold (TSE:CG) had its target price upped by equities researchers at Royal Bank Of Canada from C$22.00 to C$31.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s target price suggests a potential upside of 21.52% from the company’s previous close.

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

Centerra Gold Stock Down 0.4%

CG traded down C$0.09 during midday trading on Thursday, reaching C$25.51. 298,869 shares of the company were exchanged, compared to its average volume of 1,117,439. The company has a market cap of C$5.10 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 1.26 and a beta of 1.74. Centerra Gold has a one year low of C$7.72 and a one year high of C$28.97. The company’s fifty day moving average price is C$24.50 and its 200 day moving average price is C$18.98. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.24 and a current ratio of 2.39.

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

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.