Centerra Gold (TSE:CG) Rating Lowered to Hold at Royal Bank Of Canada

Centerra Gold (TSE:CG) was downgraded by equities researchers at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research note issued on Wednesday, MarketBeat reports. They presently have a C$14.00 price target on the stock, up from their previous price target of C$13.00. Royal Bank Of Canada’s target price would suggest a potential upside of 10.24% from the company’s previous close.

A number of other equities research analysts have also commented on CG. Raymond James Financial upped their target price on Centerra Gold from C$13.00 to C$13.50 in a research report on Thursday, August 21st. BMO Capital Markets lowered Centerra Gold from a “strong-buy” rating to a “hold” rating and dropped their target price for the company from C$14.00 to C$10.00 in a research report on Friday, August 8th. Finally, Cibc World Mkts upgraded Centerra Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Centerra Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.90.

Centerra Gold Price Performance

Shares of TSE CG opened at C$12.70 on Wednesday. The business’s 50 day moving average price is C$10.39 and its 200 day moving average price is C$9.62. The firm has a market cap of C$2.58 billion, a P/E ratio of 37.35, a P/E/G ratio of 1.26 and a beta of 1.24. Centerra Gold has a 52 week low of C$7.72 and a 52 week high of C$12.73. The company has a quick ratio of 3.24, a current ratio of 3.60 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.