Centerra Gold Inc. (TSE:CG) Receives Average Rating of “Moderate Buy” from Brokerages

Centerra Gold Inc. (TSE:CG) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$11.24.

CG has been the topic of several recent analyst reports. Royal Bank of Canada cut their price objective on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Raymond James cut their price objective on shares of Centerra Gold from C$13.00 to C$12.50 in a research report 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 report on Monday, December 2nd. Finally, Desjardins downgraded shares of Centerra Gold from a “buy” rating to a “hold” rating and dropped their price target for the company from C$12.75 to C$11.00 in a report on Thursday.

Centerra Gold Stock Performance

Shares of CG stock opened at C$9.04 on Friday. Centerra Gold has a one year low of C$6.53 and a one year high of C$10.59. The company’s 50-day moving average is C$8.64 and its 200 day moving average is C$9.05. The company has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60.

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.