CIBC Forecasts Strong Price Appreciation for Centerra Gold (TSE:CG) Stock

Key Points

• CIBC has raised its price target for Centerra Gold shares from C$15.00 to C$20.00, indicating a potential upside of 27.06% from the current stock price.
• Other analysts are also increasing their price targets, with BMO Capital Markets and Canaccord Genuity both raising their targets to C$14.00 and C$19.50, respectively.
• Centerra Gold's average price target now stands at C$14.94, with a consensus rating categorized as a "Moderate Buy" by analysts.

Centerra Gold (TSE:CG - Get Free Report) had its price objective raised by CIBC from C$15.00 to C$20.00 in a note issued to investors on Friday,BayStreet.CA reports. CIBC's price target suggests a potential upside of 27.06% from the company's current price.

Several other research analysts have also recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Centerra Gold from C$10.00 to C$14.00 in a research report on Monday, September 15th. Canaccord Genuity Group raised their target price on shares of Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. Royal Bank Of Canada cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating and raised their target price for the stock from C$13.00 to C$14.00 in a report on Wednesday, September 10th. Finally, Raymond James Financial raised their target price on shares of Centerra Gold from C$13.00 to C$13.50 in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Centerra Gold has a consensus rating of "Moderate Buy" and an average price target of C$14.94.

Centerra Gold Stock Performance

TSE CG traded up C$0.05 during trading on Friday, hitting C$15.74. 630,295 shares of the company's stock traded hands, compared to its average volume of 939,752. The stock has a market capitalization of C$3.20 billion, a price-to-earnings ratio of 46.29, a PEG ratio of 1.26 and a beta of 1.55. Centerra Gold has a 12-month low of C$7.72 and a 12-month high of C$16.51. 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 has a 50 day moving average of C$12.14 and a 200-day moving average of C$10.43.

Centerra Gold Company Profile

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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