Centerra Gold (TSE:CG) Cut to Hold at Raymond James Financial

Key Points

• Centerra Gold has been downgraded by Raymond James Financial from an "outperform" rating to a "market perform" rating, now with a target price of C$16.50.
• The company's stock was reported to have increased by 0.3% on Friday, achieving a price of C$15.74.
• Market analysts hold a mixed outlook on Centerra Gold, with ratings ranging from Strong Buy to Hold and an average target price of C$14.94.

Centerra Gold (TSE:CG - Get Free Report) was downgraded by equities researchers at Raymond James Financial from a "moderate buy" rating to a "hold" rating in a note issued to investors on Friday, Marketbeat reports. They presently have a C$16.50 target price on the stock, up from their previous target price of C$13.50. Raymond James Financial's price target points to a potential upside of 4.04% from the company's previous close. Raymond James Financial also issued estimates for Centerra Gold's Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $1.23 EPS.

A number of other equities research analysts have also weighed in on the company. Royal Bank Of Canada lowered Centerra Gold from a "moderate buy" rating to a "hold" rating and boosted their target price for the company from C$13.00 to C$14.00 in a research note on Wednesday, September 10th. BMO Capital Markets boosted their target price on Centerra Gold from C$10.00 to C$14.00 in a research note on Monday, September 15th. CIBC boosted their target price on Centerra Gold from C$15.00 to C$20.00 in a research note on Friday. Finally, Canaccord Genuity Group boosted their target price on Centerra Gold from C$16.00 to C$19.50 in a research note on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$14.94.

Centerra Gold Trading Up 1.1%

TSE CG opened at C$15.86 on Friday. Centerra Gold has a 1-year low of C$7.72 and a 1-year high of C$16.51. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average of C$12.27 and a 200-day moving average of C$10.48. The firm has a market cap of C$3.22 billion, a PE ratio of 46.65, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55.

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.