Centerra Gold Inc. (TSE:CG) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Centerra Gold Inc. (TSE:CG) have been given an average rating of “Buy” by the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$12.41.
A number of equities research analysts recently commented on the stock. Bank of America upgraded shares of Centerra Gold from a “neutral” rating to a “buy” rating and upped their price target for the company from C$11.75 to C$15.75 in a report on Friday, August 16th. Royal Bank of Canada upgraded shares of Centerra Gold from an “underperform” rating to a “sector perform” rating and upped their price target for the company from C$7.00 to C$9.50 in a report on Wednesday, June 26th. Canaccord Genuity upped their price target on shares of Centerra Gold from C$10.25 to C$11.50 in a report on Friday, July 19th. TD Securities upped their price target on shares of Centerra Gold from C$10.00 to C$13.50 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, CIBC upped their price target on shares of Centerra Gold from C$10.50 to C$11.50 in a report on Monday, July 15th.
Shares of CG traded down C$0.19 during mid-day trading on Thursday, reaching C$11.72. The company’s stock had a trading volume of 555,050 shares, compared to its average volume of 656,333. The stock has a market cap of $3.48 billion and a PE ratio of 25.70. The company has a current ratio of 2.78, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56. Centerra Gold has a 52 week low of C$4.76 and a 52 week high of C$12.16. The company’s fifty day moving average price is C$10.83 and its two-hundred day moving average price is C$8.30.
Centerra Gold Company Profile
Centerra Gold Inc, a gold mining and exploration company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.
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