Centerra Gold (TSE:CG) Price Target Increased to C$12.50 by Analysts at Raymond James

Centerra Gold (TSE:CG) had its price target lifted by Raymond James from C$11.50 to C$12.50 in a research report report published on Tuesday morning, BayStreet.CA reports. Raymond James also issued estimates for Centerra Gold’s Q2 2024 earnings at $0.29 EPS, Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.18 EPS and FY2024 earnings at $0.78 EPS.

A number of other analysts also recently commented on the company. National Bankshares raised their price objective on Centerra Gold from C$10.50 to C$11.00 in a research report on Friday, April 19th. National Bank Financial reiterated an outperform overweight rating on shares of Centerra Gold in a research report on Monday, April 8th. Desjardins reduced their price objective on Centerra Gold from C$12.00 to C$11.75 and set a buy rating for the company in a research report on Tuesday, January 9th. BMO Capital Markets set a C$10.00 price objective on Centerra Gold and gave the stock an outperform rating in a research report on Wednesday, February 21st. Finally, Canaccord Genuity Group reduced their price objective on Centerra Gold from C$11.75 to C$10.75 and set a buy rating for the company in a research report on Thursday, March 21st. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of Buy and an average price target of C$10.57.

Centerra Gold Stock Performance

Shares of TSE CG opened at C$8.68 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.24 and a current ratio of 3.25. The firm has a market cap of C$1.87 billion, a price-to-earnings ratio of -16.69, a P/E/G ratio of 1.26 and a beta of 1.16. The business’s 50-day simple moving average is C$7.79 and its 200-day simple moving average is C$7.56. Centerra Gold has a 52 week low of C$6.07 and a 52 week high of C$9.67.

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 company had revenue of C$462.92 million for the quarter. Centerra Gold had a negative net margin of 7.42% and a negative return on equity of 4.66%. As a group, equities research analysts expect that Centerra Gold will post 0.4058317 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were issued a $0.07 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.23%. Centerra Gold’s dividend payout ratio (DPR) is -53.85%.

Insider Activity

In related news, Senior Officer Darren Millman sold 110,274 shares of Centerra Gold stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$6.96, for a total value of C$766,955.67. Corporate insiders own 0.38% of the company’s stock.

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.