Centerra Gold (TSE:CG) Given New C$19.50 Price Target at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has raised Centerra Gold's price target from C$16.00 to C$19.50, suggesting a potential upside of 24.68% from its previous close.
• Multiple analysts have recently adjusted their ratings and price targets for Centerra Gold, with current evaluations including a "Strong Buy" from two analysts and an overall average target price of C$13.35.
• The company's stock closed at C$15.64, down by 0.3%, with a market cap of C$3.18 billion and a 52-week trading range of C$7.72 to C$16.13.

Centerra Gold (TSE:CG - Get Free Report) had its price target increased by Canaccord Genuity Group from C$16.00 to C$19.50 in a note issued to investors on Thursday,BayStreet.CA reports. Canaccord Genuity Group's price target indicates a potential upside of 24.68% from the company's previous close.

CG has been the subject of a number of other reports. Raymond James Financial boosted their price objective on shares of Centerra Gold from C$13.00 to C$13.50 in a report on Thursday, August 21st. Royal Bank Of Canada lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating and upped their price target for the company from C$13.00 to C$14.00 in a research report on Wednesday, September 10th. Finally, BMO Capital Markets upped their price target on shares of Centerra Gold from C$10.00 to C$14.00 in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$13.35.

Centerra Gold Trading Down 0.3%

TSE CG traded down C$0.04 on Thursday, hitting C$15.64. The company's stock had a trading volume of 1,206,233 shares, compared to its average volume of 928,132. The company's 50-day simple moving average is C$11.40 and its 200 day simple moving average is C$10.13. Centerra Gold has a 52-week low of C$7.72 and a 52-week high of C$16.13. 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 firm has a market cap of C$3.18 billion, a P/E ratio of 46.00, a PEG ratio of 1.26 and a beta of 1.24.

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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