Centerra Gold Inc. (TSE:CG) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Centerra Gold Inc. received a consensus rating of "Moderate Buy" from ten brokerages, with an average 1-year target price of C$14.94.
• Several analysts upgraded their price targets for Centerra Gold, with CIBC raising their target from C$15.00 to C$20.00 and Canaccord Genuity from C$16.00 to C$19.50.
• The company recently declared a quarterly dividend of $0.07 per share, representing an annualized yield of 1.6% with a payout ratio of 59.31%.

Centerra Gold Inc. (TSE:CG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten brokerages that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$14.94.

CG has been the topic of several analyst reports. Royal Bank Of Canada cut Centerra Gold from a "moderate buy" rating to a "hold" rating and upped their price target for the company from C$13.00 to C$14.00 in a research report on Wednesday, September 10th. Raymond James Financial cut Centerra Gold from a "moderate buy" rating to a "hold" rating and upped their price target for the company from C$13.50 to C$16.50 in a research report on Friday, October 10th. BMO Capital Markets upped their price target on Centerra Gold from C$10.00 to C$14.00 in a research report on Monday, September 15th. CIBC upped their price target on Centerra Gold from C$15.00 to C$20.00 in a research report on Friday, October 10th. Finally, Canaccord Genuity Group upped their price target on Centerra Gold from C$16.00 to C$19.50 in a research report on Thursday, October 2nd.

Centerra Gold Price Performance

TSE CG opened at C$17.82 on Friday. The company has a market cap of C$3.62 billion, a PE ratio of 52.41, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55. Centerra Gold has a 52 week low of C$7.72 and a 52 week high of C$17.97. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. The firm's 50-day simple moving average is C$12.82 and its two-hundred day simple moving average is C$10.70.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders 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 dividend yield of 1.6%. Centerra Gold's dividend payout ratio is currently 59.31%.

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.

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