BMO Capital Markets Issues Positive Forecast for Centerra Gold (TSE:CG) Stock Price

Key Points

• BMO Capital Markets has raised Centerra Gold's price target from C$10.00 to C$14.00, indicating a potential upside of 9.55% from the stock's previous close.
• Centerra Gold currently holds a consensus rating of "Moderate Buy" with two analysts rating it as a Strong Buy and five assigning a Hold rating.
• The stock's recent trading volume was higher than average, and it has experienced fluctuations with a fifty-two week low of C$7.72 and a high of C$13.07.

Centerra Gold (TSE:CG - Get Free Report) had its price objective hoisted by equities research analysts at BMO Capital Markets from C$10.00 to C$14.00 in a research note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets' price target indicates a potential upside of 9.55% from the stock's previous close.

CG has been the subject of several other reports. Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Royal Bank Of Canada downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating and increased their price target for the company from C$13.00 to C$14.00 in a report on Wednesday, September 10th. Finally, Raymond James Financial lifted their price target on shares of Centerra Gold from C$13.00 to C$13.50 in a research note on Thursday, August 21st. Two 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$12.47.

Centerra Gold Stock Performance

CG stock remained flat at C$12.78 during midday trading on Monday. The company had a trading volume of 1,042,061 shares, compared to its average volume of 830,136. The stock has a market capitalization of C$2.60 billion, a P/E ratio of 37.59, a PEG ratio of 1.26 and a beta of 1.24. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The business has a 50 day simple moving average of C$10.44 and a 200-day simple moving average of C$9.67. Centerra Gold has a fifty-two week low of C$7.72 and a fifty-two week high of C$13.07.

About Centerra Gold

Centerra Gold Inc is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye.

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