Centerra Gold (TSE:CG) Cut to "Market Perform" at BMO Capital Markets

Key Points

• Centerra Gold has been downgraded to a "market perform" rating by BMO Capital Markets, with a revised price target of C$10.00, down from C$14.00.
• Despite the downgrade, analysts from RBC and CIBC have varying perspectives, with RBC increasing their target to C$13.00 and CIBC upgrading their rating to "strong buy."
• The stock closed at C$9.78 on the last trading day, with an average analyst rating of "Moderate Buy" and an average target price of C$11.76.

Centerra Gold (TSE:CG - Get Free Report) was downgraded by investment analysts at BMO Capital Markets from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Friday, Marketbeat reports. They currently have a C$10.00 price target on the stock, down from their previous price target of C$14.00. BMO Capital Markets' price objective would suggest a potential upside of 1.83% from the company's current price.

Other research analysts have also issued research reports about the company. Royal Bank Of Canada increased their target price on Centerra Gold from C$12.00 to C$13.00 in a research report on Wednesday, June 4th. Cibc World Mkts raised Centerra Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$11.76.

Centerra Gold Trading Up 1.1%

TSE CG opened at C$9.82 on Friday. Centerra Gold has a 1-year low of C$7.72 and a 1-year high of C$10.59. 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$9.88 and a 200-day moving average of C$9.35. The firm has a market cap of C$1.47 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23.

Centerra Gold Company Profile

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.