National Bankshares Increases Centerra Gold (TSE:CG) Price Target to C$12.25

Centerra Gold (TSE:CG) had its price objective upped by research analysts at National Bankshares from C$12.00 to C$12.25 in a report issued on Friday, BayStreet.CA reports. National Bankshares’ target price points to a potential upside of 23.49% from the company’s current price.

Other equities analysts have also issued reports about the stock. Scotiabank lifted their target price on shares of Centerra Gold from C$10.50 to C$11.00 in a report on Thursday, July 15th. CSFB lifted their price target on shares of Centerra Gold from C$9.50 to C$10.00 in a research note on Tuesday, July 13th. Canaccord Genuity lifted their price target on shares of Centerra Gold from C$11.50 to C$12.00 and gave the company a “na” rating in a research note on Friday, July 16th. National Bank Financial lifted their price target on shares of Centerra Gold to C$12.00 and gave the company an “outperform” rating in a research note on Friday, September 10th. Finally, Credit Suisse Group lifted their price target on shares of Centerra Gold to C$10.00 and gave the company a “na” rating in a research note on Tuesday, July 13th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Centerra Gold presently has a consensus rating of “Hold” and an average target price of C$10.91.

TSE:CG opened at C$9.92 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.68 and a quick ratio of 4.58. The firm has a market cap of C$2.94 billion and a price-to-earnings ratio of -6.21. The company has a 50 day moving average price of C$9.20 and a 200-day moving average price of C$9.81. Centerra Gold has a 1-year low of C$8.21 and a 1-year high of C$16.00.

Centerra Gold (TSE:CG) last posted its earnings results on Tuesday, August 10th. The company reported C$0.21 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.03. The firm had revenue of C$248.52 million for the quarter. On average, sell-side analysts anticipate that Centerra Gold will post 1.4067634 earnings per share for the current fiscal year.

About Centerra Gold

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; the Mount Milligan gold-copper mine located in British Columbia, Canada; and the Ã-ksüt Gold Mine located in Turkey.

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Analyst Recommendations for Centerra Gold (TSE:CG)

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