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

Centerra Gold (TSE:CG) was downgraded by analysts at Desjardins from a “buy” rating to a “hold” rating in a report issued on Thursday,BayStreet.CA reports. They currently have a C$11.00 target price on the stock, down from their prior target price of C$12.75. Desjardins’ price objective points to a potential upside of 18.79% from the company’s previous close.

A number of other research firms have also issued reports on CG. CIBC dropped their price target on Centerra Gold from C$12.50 to C$9.80 in a research report on Monday, December 2nd. Raymond James decreased their price target on Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. Finally, Royal Bank of Canada lowered their price objective on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$11.24.

Centerra Gold Price Performance

Shares of TSE CG traded down C$0.25 during mid-day trading on Thursday, reaching C$9.26. The company’s stock had a trading volume of 336,864 shares, compared to its average volume of 564,840. The stock has a 50-day moving average of C$8.61 and a two-hundred day moving average of 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. The stock has a market capitalization of C$1.39 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.26 and a beta of 1.23. Centerra Gold has a 1-year low of C$6.26 and a 1-year 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.