Centerra Gold (TSE:CG) Price Target Raised to C$13.90 at Cormark

Centerra Gold (TSE:CG) had its target price hoisted by Cormark from C$13.00 to C$13.90 in a research note released on Wednesday, BayStreet.CA reports. Cormark also issued estimates for Centerra Gold’s Q2 2024 earnings at $0.31 EPS.

A number of other equities research analysts have also weighed in on the company. BMO Capital Markets set a C$10.00 price objective on Centerra Gold and gave the company an outperform rating in a research note on Wednesday, February 21st. Raymond James lifted their price target on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, April 23rd. Canaccord Genuity Group increased their price objective on shares of Centerra Gold from C$10.75 to C$11.00 in a research note on Tuesday, April 23rd. National Bank Financial reissued an outperform overweight rating on shares of Centerra Gold in a research report on Monday, April 8th. Finally, National Bankshares increased their price target on shares of Centerra Gold from C$10.50 to C$11.00 in a research report on Friday, April 19th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of Buy and an average target price of C$10.97.

Centerra Gold Trading Up 3.7 %

TSE CG opened at C$9.83 on Wednesday. The stock has a market cap of C$2.12 billion, a P/E ratio of -18.90, a PEG ratio of 1.26 and a beta of 1.19. The company’s fifty day simple moving average is C$8.32 and its 200-day simple moving average is C$7.77. The company has a current ratio of 3.25, a quick ratio of 3.24 and a debt-to-equity ratio of 1.45. Centerra Gold has a 52 week low of C$6.07 and a 52 week high of C$9.94.

Centerra Gold (TSE:CG) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.38 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.01). The firm had revenue of C$462.92 million during the quarter. Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%. Equities research analysts predict that Centerra Gold will post 0.7145148 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.28 dividend on an annualized basis and a yield of 2.85%. Centerra Gold’s payout ratio is currently -53.85%.

Insiders Place Their Bets

In other news, Senior Officer Darren Millman sold 110,274 shares of Centerra Gold stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$6.96, for a total transaction of C$766,955.67. 0.23% of the stock is owned by corporate insiders.

Centerra Gold Company Profile

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.