CIBC Raises Centerra Gold (TSE:CG) Price Target to C$21.00

Centerra Gold (TSE:CG) had its target price boosted by equities research analysts at CIBC from C$20.00 to C$21.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s target price indicates a potential upside of 27.81% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. BMO Capital Markets upped their price target on Centerra Gold from C$10.00 to C$14.00 in a report on Monday, September 15th. Canaccord Genuity Group upped their price target on Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. Raymond James Financial downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating and upped their price target for the stock from C$13.50 to C$16.50 in a report on Friday, October 10th. Finally, Royal Bank Of Canada downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating and upped their price target for the stock from C$13.00 to C$14.00 in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Centerra Gold presently has an average rating of “Moderate Buy” and a consensus price target of C$15.09.

Centerra Gold Price Performance

CG opened at C$16.43 on Thursday. The stock’s 50-day moving average price is C$14.13 and its 200 day moving average price is C$11.27. Centerra Gold has a 12-month low of C$7.72 and a 12-month high of C$17.97. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The firm has a market cap of C$3.34 billion, a price-to-earnings ratio of 48.32, a PEG ratio of 1.26 and a beta of 1.55.

About Centerra Gold

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.