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

Shares of Centerra Gold Inc. (TSE:CG) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$11.28.

Several analysts have recently commented on CG shares. Royal Bank of Canada lowered their price target on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Raymond James lowered their target price on Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th. CIBC cut their price target on Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Finally, Desjardins upgraded Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st.

Centerra Gold Stock Performance

TSE:CG opened at C$9.48 on Friday. The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29. The company has a market capitalization of C$2.02 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The firm has a 50-day moving average price of C$8.57 and a two-hundred day moving average price of C$9.05. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$10.59.

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.