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

Key Points

• Royal Bank of Canada raised its price target on Centerra Gold from C$22.00 to C$31.00, implying about a 21.5% upside from the previous close.
• Other analysts have also lifted targets (TD to C$30.00, CIBC to C$37.00) and the stock carries a consensus rating of Moderate Buy with an average price target of C$24.43.
• Shares traded at C$25.51 (market cap C$5.10B) and the company reported strong quarterly results of C$0.56 EPS, a 43.18% net margin and a 31.90% return on equity.

Centerra Gold (TSE:CG - Get Free Report) 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 price objective points to a potential upside of 21.52% from the company's previous close.

A number of other equities research analysts have also weighed in on CG. TD Securities boosted their target price on shares of Centerra Gold from C$19.00 to C$30.00 in a report on Thursday, January 22nd. BMO Capital Markets upgraded Centerra Gold from a "hold" rating to an "outperform" rating in a report on Tuesday, January 20th. Canadian Imperial Bank of Commerce raised their price target on shares of Centerra Gold from C$30.00 to C$37.00 in a report on Wednesday, February 4th. Finally, Raymond James Financial lifted their price target on shares of 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. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$24.43.

Centerra Gold Stock Performance

CG traded down C$0.09 during trading on Thursday, hitting C$25.51. The stock had a trading volume of 298,869 shares, compared to its average volume of 1,117,439. The company has a 50 day moving average price of C$24.50 and a 200-day moving average price of C$18.98. The firm has a market cap of C$5.10 billion, a price-to-earnings ratio of 8.98, a P/E/G 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 has a debt-to-equity ratio of 1.44, a current ratio of 2.39 and a quick ratio of 3.24.

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

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. 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.

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