Centerra Gold (TSE:CG) Lowered to “Hold” Rating by Desjardins

Centerra Gold (TSE:CG) was downgraded by investment analysts at Desjardins from a “buy” rating to a “hold” rating in a research report issued on Thursday,BayStreet.CA reports. They presently have a C$11.00 price objective on the stock, down from their prior price objective of C$12.75. Desjardins’ price target points to a potential upside of 18.79% from the company’s current price.

A number of other brokerages have also recently commented on CG. Royal Bank of Canada dropped their target price on shares of Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. CIBC dropped their target price on Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Finally, Raymond James cut their target price on Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$11.24.

Centerra Gold Stock Down 2.6 %

CG traded down C$0.25 on Thursday, hitting C$9.26. The company had a trading volume of 336,864 shares, compared to its average volume of 564,840. Centerra Gold has a 52-week low of C$6.26 and a 52-week high of C$10.59. The stock has a fifty day simple moving average of C$8.61 and a 200-day simple moving average of C$9.05. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. The firm has a market capitalization of C$1.39 billion, a P/E ratio of 13.42, a P/E/G 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.