Royal Bank of Canada Forecasts Strong Price Appreciation for Centerra Gold (TSE:CG) Stock

Centerra Gold (TSE:CG - Get Free Report) had its price objective hoisted by equities researchers at Royal Bank of Canada from C$12.00 to C$13.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Royal Bank of Canada's price objective points to a potential upside of 33.74% from the company's previous close.

Several other research analysts have also commented on CG. Raymond James raised their price objective on shares of Centerra Gold from C$12.00 to C$13.50 in a research note on Friday, April 4th. Cormark cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. National Bankshares boosted their price target on shares of Centerra Gold from C$12.00 to C$12.50 and gave the stock an "outperform" rating in a research note on Wednesday, March 19th. Desjardins lowered Centerra Gold from a "buy" rating to a "hold" rating and cut their price objective for the stock from C$12.75 to C$11.00 in a research report on Thursday, February 13th. Finally, CIBC lifted their target price on Centerra Gold from C$9.80 to C$10.30 and gave the company a "neutral" rating in a report on Thursday, March 20th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$12.11.

Centerra Gold Trading Down 5.8%

CG traded down C$0.60 during mid-day trading on Wednesday, hitting C$9.72. 1,692,028 shares of the stock were exchanged, compared to its average volume of 735,514. The firm's fifty day moving average is C$9.33 and its two-hundred day moving average is C$8.87. Centerra Gold has a 1-year low of C$7.72 and a 1-year high of C$10.59. The company has a market cap of C$1.46 billion, a PE ratio of 14.09, a PEG 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.