Centerra Gold Inc. (TSE:CG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Centerra Gold Inc. (TSE:CG) have been given an average rating of “Moderate Buy” by the seven analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$11.24.

A number of research firms have recently weighed in on CG. Desjardins lowered shares of Centerra Gold from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$12.75 to C$11.00 in a report on Thursday. Raymond James dropped their target price on shares of Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th. Royal Bank of Canada dropped their target price on shares of Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. Finally, CIBC dropped their target price on shares of Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd.

Centerra Gold Stock Down 1.6 %

Shares of TSE:CG opened at C$9.36 on Friday. The stock’s 50-day moving average price is C$8.61 and its 200-day moving average price is C$9.05. Centerra Gold has a 12-month low of C$6.26 and a 12-month high of C$10.59. The stock has a market capitalization of C$1.41 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

About Centerra Gold

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.