Brokerages Set Centerra Gold Inc. (TSE:CG) Target Price at C$12.47

Key Points

• Centerra Gold Inc. has been given an average rating of "Moderate Buy" from ten research firms, with analysts providing a target price of C$12.47.
• The company recently declared a quarterly dividend of $0.07 per share, representing an annual yield of 2.1% and a payout ratio of 59.31%.
• Shares of Centerra Gold opened at C$13.13, with a 12-month range between C$7.72 and C$13.18.

Shares of Centerra Gold Inc. (TSE:CG - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten ratings firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$12.47.

CG has been the topic of several recent research reports. Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. BMO Capital Markets boosted their price target on Centerra Gold from C$10.00 to C$14.00 in a research report on Monday, September 15th. Royal Bank Of Canada cut Centerra Gold from a "moderate buy" rating to a "hold" rating and boosted their price target for the company from C$13.00 to C$14.00 in a research report on Wednesday, September 10th. Finally, Raymond James Financial boosted their price target on Centerra Gold from C$13.00 to C$13.50 in a research report on Thursday, August 21st.

Centerra Gold Stock Performance

CG stock traded up C$0.23 during trading on Monday, hitting C$13.36. The company had a trading volume of 3,577,640 shares, compared to its average volume of 912,808. The firm has a market cap of C$2.72 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 1.26 and a beta of 1.24. Centerra Gold has a 1-year low of C$7.72 and a 1-year high of C$13.53. The firm has a 50-day moving average price of C$10.80 and a 200-day moving average price of C$9.86. 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 Announces Dividend

The firm also recently announced 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. The ex-dividend date was Thursday, August 21st. This represents a $0.28 annualized dividend and a yield of 2.1%. 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.