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

Desjardins downgraded shares of Centerra Gold (TSE:CG) from a buy rating to a hold rating in a report published on Thursday,BayStreet.CA reports. They currently have C$11.00 price target on the stock, down from their previous price target of C$12.75.

Other equities analysts have also issued research reports about the stock. 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. Raymond James dropped their target price on shares of Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th. Finally, CIBC dropped their price objective on shares of Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$11.24.

Centerra Gold Price Performance

Shares of TSE:CG opened at C$9.36 on Thursday. The firm has a market cap of C$1.41 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The firm’s fifty day moving average is C$8.61 and its 200-day moving average is C$9.05. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. Centerra Gold has a 52 week low of C$6.26 and a 52 week high of C$10.59.

About Centerra Gold

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.