Raymond James Raises Centerra Gold (TSE:CG) Price Target to C$13.50

Centerra Gold (TSE:CG - Free Report) had its price objective boosted by Raymond James from C$12.00 to C$13.50 in a research note published on Friday morning,BayStreet.CA reports. Raymond James also issued estimates for Centerra Gold's Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.14 EPS and FY2025 earnings at $0.49 EPS.

A number of other research firms also recently weighed in on CG. CIBC increased their target price on shares of Centerra Gold from C$9.80 to C$10.30 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Desjardins lowered Centerra Gold from a "buy" rating to a "hold" rating and reduced their price objective for the company from C$12.75 to C$11.00 in a report on Thursday, February 13th. Cormark lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Royal Bank of Canada dropped their price target on Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Finally, National Bankshares lifted their price objective on Centerra Gold from C$12.00 to C$12.50 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Centerra Gold has an average rating of "Moderate Buy" and a consensus target price of C$11.69.

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Centerra Gold Stock Performance

Shares of TSE:CG traded up C$0.64 during midday trading on Friday, reaching C$8.52. The company had a trading volume of 652,751 shares, compared to its average volume of 768,858. Centerra Gold has a 52-week low of C$7.72 and a 52-week high of C$10.59. The company's 50 day moving average price is C$8.81 and its 200 day moving average price is C$8.86. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The stock has a market cap of C$1.28 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.26 and a beta of 1.23.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Thursday, March 13th. Centerra Gold's payout ratio is presently 40.58%.

Insider Transactions at Centerra Gold

In other Centerra Gold news, Director Paul Nicholas Wright acquired 35,000 shares of the business's stock in a transaction dated Friday, February 28th. The stock was bought at an average price of C$8.11 per share, with a total value of C$283,752.00. Also, Senior Officer Claudia D'orazio sold 3,831 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total transaction of C$31,720.68. Insiders own 0.21% of the company's stock.

About Centerra Gold

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.