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

Shares of Centerra Gold Inc. (TSE:CG) have received a consensus rating of "Moderate Buy" from the six brokerages currently analyzing the company, as reported by Marketbeat. Among these analysts, two have recommended holding the stock, while four have advised buying. The average target price set for the stock over the next year stands at C$11.28.

In recent evaluations, various analysts have adjusted their price targets for Centerra Gold shares. For instance, the Royal Bank of Canada recently lowered its price target from C$12.00 to C$11.00 in a research report released on January 7th. Meanwhile, Raymond James revised their target from C$13.00 down to C$12.50 on November 4th. CIBC also decreased their target price from C$12.50 to C$9.80 on December 2nd. In contrast, Desjardins raised Centerra Gold's rating to "Moderate Buy" in a report dated October 31st.

Centerra Gold Stock Overview

The stock of Centerra Gold opened at C$9.48 on Friday. The company boasts a current ratio of 3.79 and a quick ratio of 3.24, with a debt-to-equity ratio of 1.29. It has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 11.29, and a price-to-earnings-growth ratio of 1.26, along with 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. Within the past year, Centerra Gold's stock has witnessed a low of C$6.07 and a high of C$10.59.

Company Profile

Centerra Gold Inc. specializes in gold mining and is involved in the acquisition, exploration, development, and operation of gold and copper properties both in North America and internationally, including in Turkey. The company focuses on discovering deposits of gold, copper, and molybdenum. Its key projects include the fully owned Mount Milligan gold-copper mine located in British Columbia, Canada, and the Öksüt gold mine in Turkey.

Centerra, Gold, Stocks