Raymond James Issues Positive Forecast for Centerra Gold (TSE:CG) Stock Price

Centerra Gold (TSE:CG) had its price objective increased by Raymond James from C$12.00 to C$13.50 in a report 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.

CG has been the subject of a number of other research reports. National Bank Financial upgraded Centerra Gold to a “strong-buy” rating in a research note on Friday, March 21st. Desjardins downgraded Centerra Gold from a “buy” rating to a “hold” rating and decreased their target price for the company from C$12.75 to C$11.00 in a research note on Thursday, February 13th. TD Securities dropped their price target on Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Royal Bank of Canada reduced their price objective on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Finally, National Bankshares upped their target price on shares of Centerra Gold from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$11.69.

Centerra Gold Stock Performance

TSE:CG opened at C$7.98 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The stock has a 50-day simple moving average of C$8.86 and a two-hundred day simple moving average of C$8.89. The firm has a market capitalization of C$1.20 billion, a PE ratio of 11.56, a P/E/G ratio of 1.26 and a beta of 1.23. Centerra Gold has a 52-week low of C$7.90 and a 52-week high of C$10.59.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 3.51%. The ex-dividend date was Thursday, March 13th. Centerra Gold’s payout ratio is currently 40.58%.

Insider Transactions at Centerra Gold

In related news, Director Paul Botond Stilicho Tomory sold 8,563 shares of the 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 value of C$70,901.64. Also, Senior Officer Claudia D’orazio sold 3,831 shares of Centerra Gold stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total value of C$31,720.68. Corporate 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.