Centerra Gold (TSE:CG) Downgraded by Royal Bank Of Canada to "Hold"

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."

Centerra Gold (TSE:CG - Get Free Report) was downgraded by equities researchers at Royal Bank Of Canada from a "moderate buy" rating to a "hold" rating in a research note issued on Wednesday, Marketbeat Ratings 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 objective points to a potential upside of 12.81% from the company's previous close.

Several other research firms also recently weighed in on CG. BMO Capital Markets downgraded Centerra Gold from a "strong-buy" rating to a "hold" rating and cut their target price for the company from C$14.00 to C$10.00 in a research report on Friday, August 8th. Cibc World Mkts raised Centerra Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Finally, Raymond James Financial boosted their target price on Centerra Gold from C$13.00 to C$13.50 in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Centerra Gold presently has an average rating of "Moderate Buy" and a consensus target price of C$11.90.

Centerra Gold Stock Performance

TSE CG opened at C$12.41 on Wednesday. The company has a market cap of C$2.52 billion, a P/E ratio of 36.50, a P/E/G ratio of 1.26 and a beta of 1.24. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The business's 50 day moving average price is C$10.34 and its 200-day moving average price is C$9.60. Centerra Gold has a fifty-two week low of C$7.72 and a fifty-two week high of C$12.44.

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.