Centerra Gold Inc. (TSE:CG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Centerra Gold Inc. (TSE:CG) have received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$22.00.

A number of brokerages recently weighed in on CG. TD Securities upped their price objective on Centerra Gold from C$19.00 to C$30.00 in a report on Thursday, January 22nd. Raymond James Financial upped their price target on shares of Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 21st. Cormark upgraded shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of Centerra Gold from C$30.00 to C$37.00 in a report on Wednesday, February 4th.

Centerra Gold Price Performance

Shares of TSE:CG opened at C$25.64 on Thursday. Centerra Gold has a 52 week low of C$7.72 and a 52 week high of C$27.55. The company has a 50-day moving average price of C$22.53 and a 200 day moving average price of C$17.26. The company has a market cap of C$5.17 billion, a P/E ratio of 15.93, a PEG ratio of 1.26 and a beta of 1.58. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26.

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. The Company also owns the Goldfield District Project in Nevada, United States, the Kemess Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada.