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Centerra Gold (TSE:CG) Rating Lowered to Hold at Royal Bank Of Canada

Centerra Gold logo with Basic Materials background

Key Points

  • Centerra Gold's stock was downgraded by the Royal Bank Of Canada from "outperform" to "sector perform," with a new price target set at C$14.00, reflecting a potential upside of 13.73% from current levels.
  • Other brokerages also revised their targets; Raymond James increased theirs to C$13.50, while BMO Capital Markets lowered theirs to C$10.00, indicating mixed analyst sentiment around the stock.
  • As of the latest trading session, Centerra Gold's stock was priced at C$12.31, with a market capitalization of C$2.50 billion and a consensus rating of "Moderate Buy."
  • MarketBeat previews top five stocks to own in November.

Centerra Gold (TSE:CG - Get Free Report) was downgraded by stock analysts at Royal Bank Of Canada from a "moderate buy" rating to a "hold" rating in a report released on Wednesday, MarketBeat.com reports. They currently have a C$14.00 price objective on the stock, up from their prior price objective of C$13.00. Royal Bank Of Canada's price target indicates a potential upside of 9.98% from the company's current price.

A number of other analysts have also recently weighed in on the company. BMO Capital Markets cut Centerra Gold from a "strong-buy" rating to a "hold" rating and lowered their price objective for the stock from C$14.00 to C$10.00 in a research report on Friday, August 8th. Raymond James Financial raised their price objective on Centerra Gold from C$13.00 to C$13.50 in a research report on Thursday, August 21st. Finally, Cibc World Mkts raised Centerra Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$12.47.

Get Our Latest Report on Centerra Gold

Centerra Gold Stock Down 0.4%

Shares of CG traded down C$0.05 during midday trading on Wednesday, reaching C$12.73. 2,298,251 shares of the stock were exchanged, compared to its average volume of 837,847. Centerra Gold has a 52 week low of C$7.72 and a 52 week high of C$13.07. 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 company's 50 day moving average is C$10.44 and its two-hundred day moving average is C$9.67. The company has a market capitalization of C$2.59 billion, a P/E ratio of 37.44, a PEG ratio of 1.26 and a beta of 1.24.

Centerra Gold Company Profile

(Get Free Report)

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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