Centerra Gold (TSE:CG) Stock Price Expected to Rise, CIBC Analyst Says

Centerra Gold (TSE:CG) had its price target hoisted by research analysts at CIBC from C$15.00 to C$20.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 26.10% from the company’s current price.

A number of other analysts have also commented on the company. Canaccord Genuity Group lifted their price target on Centerra Gold from C$16.00 to C$19.50 in a research note on Thursday, October 2nd. BMO Capital Markets lifted their price target on Centerra Gold from C$10.00 to C$14.00 in a research note on Monday, September 15th. Raymond James Financial lifted their price target on Centerra Gold from C$13.00 to C$13.50 in a research note on Thursday, August 21st. Finally, Royal Bank Of Canada lowered Centerra Gold from a “moderate buy” rating to a “hold” rating and lifted their price target for the company from C$13.00 to C$14.00 in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have issued 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

Shares of CG stock opened at C$15.86 on Friday. The business’s 50-day moving average price is C$12.27 and its 200-day moving average price is C$10.49. Centerra Gold has a 12 month low of C$7.72 and a 12 month high of C$16.51. The firm has a market capitalization of C$3.22 billion, a price-to-earnings ratio of 46.65, a PEG ratio of 1.26 and a beta of 1.55. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

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.