Cormark Upgrades Centerra Gold (TSE:CG) to Moderate Buy

Centerra Gold (TSE:CG) was upgraded by equities research analysts at Cormark from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages also recently commented on CG. BMO Capital Markets increased their price target on Centerra Gold from C$10.00 to C$14.00 in a report on Monday, September 15th. CIBC increased their price target on Centerra Gold from C$20.00 to C$21.00 and gave the company an “outperform” rating in a report on Thursday. Raymond James Financial upped their price objective on Centerra Gold from C$16.50 to C$16.75 and gave the company a “market perform” rating in a research note on Thursday. Royal Bank Of Canada cut Centerra Gold from a “moderate buy” rating to a “hold” rating and upped their price objective for the company from C$13.00 to C$14.00 in a research note on Wednesday, September 10th. Finally, Canaccord Genuity Group upped their price objective on Centerra Gold from C$16.00 to C$19.50 in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Centerra Gold has a consensus rating of “Moderate Buy” and an average price target of C$15.09.

Centerra Gold Trading Down 0.7%

Shares of CG opened at C$16.43 on Thursday. The company has a market capitalization of C$3.34 billion, a P/E ratio of 48.32, a P/E/G ratio of 1.26 and a beta of 1.55. Centerra Gold has a one year low of C$7.72 and a one year high of C$17.97. 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 stock has a 50-day moving average price of C$14.13 and a 200 day moving average price of C$11.27.

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.