Analysts Set Centerra Gold Inc. (TSE:CG) Target Price at C$11.28

Centerra Gold Inc. (TSE:CG) has been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$11.24.

A number of equities analysts have commented on the stock. Raymond James cut their price target on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. CIBC cut their price objective on shares of Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Royal Bank of Canada cut their price objective on shares of Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Finally, Desjardins cut shares of Centerra Gold from a “buy” rating to a “hold” rating and cut their price objective for the company from C$12.75 to C$11.00 in a research note on Thursday.

Centerra Gold Price Performance

CG stock opened at C$9.04 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. Centerra Gold has a one year low of C$6.53 and a one year high of C$10.59. The stock has a market cap of C$1.36 billion, a PE ratio of 13.10, a P/E/G ratio of 1.26 and a beta of 1.23. The firm has a 50 day simple moving average of C$8.64 and a two-hundred day simple moving average of C$9.05.

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.