BMO Capital Markets Increases Centerra Gold (TSE:CG) Price Target to C$14.00

Key Points

• BMO Capital Markets has raised Centerra Gold's price target from C$10.00 to C$14.00, indicating a potential upside of 9.55% from the stock's previous close.
• Centerra Gold currently holds a consensus rating of "Moderate Buy" with two analysts rating it as a Strong Buy and five assigning a Hold rating.
• The stock's recent trading volume was higher than average, and it has experienced fluctuations with a fifty-two week low of C$7.72 and a high of C$13.07.

Centerra Gold (TSE:CG - Free Report) had its price objective upped by BMO Capital Markets from C$10.00 to C$14.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the company. Raymond James Financial increased their target price on Centerra Gold from C$13.00 to C$13.50 in a research note on Thursday, August 21st. Royal Bank Of Canada lowered Centerra Gold from a "moderate buy" rating to a "hold" rating and raised their price objective for the company from C$13.00 to C$14.00 in a research note on Wednesday, September 10th. Finally, Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$12.47.

Centerra Gold Stock Up 3.1%

Shares of CG stock traded up C$0.39 during trading hours on Monday, reaching C$13.13. The company had a trading volume of 9,754,879 shares, compared to its average volume of 898,085. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. Centerra Gold has a twelve month low of C$7.72 and a twelve month high of C$13.18. The company has a market capitalization of C$2.67 billion, a P/E ratio of 38.62, a price-to-earnings-growth ratio of 1.26 and a beta of 1.24. The stock's fifty day simple moving average is C$10.73 and its 200 day simple moving average is C$9.81.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, September 4th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, August 21st. Centerra Gold's payout ratio is presently 59.31%.

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.