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

Shares of Centerra Gold Inc. (TSE:CG – Get Free Report) have recently been rated with a consensus of "Moderate Buy" by six brokerages that are currently analyzing the company's performance, as reported by Marketbeat. Specifically, out of these analysts, two have recommended holding the stock, while four have suggested a buy recommendation. The average target price for the stock, based on updates from brokerages over the past year, is set at C$11.28.

Several analysts have shared their insights regarding the stock. For instance, the Royal Bank of Canada recently reduced their target price from C$12.00 to C$11.00 in a report published on January 7th. Similarly, on November 4th, Raymond James adjusted their price target for Centerra Gold from C$13.00 to C$12.50. CIBC also lowered their target from C$12.50 to C$9.80 in a report on December 2nd. Additionally, Desjardins upgraded Centerra Gold’s rating to "Moderate Buy" in a research update on October 31st.

Centerra Gold Stock Overview

As of the most recent trading session, shares of Centerra Gold (TSE:CG) opened at C$9.48. The company demonstrated a current ratio of 3.79, a quick ratio of 3.24, and boasts a debt-to-equity ratio of 1.29. Its market capitalization stands at C$2.02 billion, alongside a price-to-earnings (P/E) ratio of 11.29. The price-to-earnings-growth (PEG) ratio is noted at 1.26, and the stock has a beta value of 1.23, indicating moderate volatility. Centerra Gold has recorded a 50-day moving average price of C$8.57 and a 200-day moving average price of C$9.05. The stock has experienced a 12-month low of C$6.07 and a high of C$10.59.

Company Information

Centerra Gold Inc. is engaged in the acquisition, exploration, and development of gold and copper properties not just in North America, but also in Turkey and other international locations. The company focuses on exploring for deposits of gold, copper, and molybdenum. Among its key projects are the Mount Milligan gold-copper mine in British Columbia, Canada, which it fully owns, and the Öksüt gold mine located in Turkey.

Centerra, Gold, Brokerages