Centerra Gold Inc. (CG) Receives C$8.25 Average PT from Brokerages

Centerra Gold Inc. (TSE:CG) has received a consensus rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$8.25.

A number of equities research analysts recently weighed in on the stock. Scotiabank restated a “sector perform” rating and set a C$8.00 price objective on shares of Centerra Gold in a research note on Wednesday, May 3rd. TD Securities restated a “hold” rating and set a C$7.50 price objective on shares of Centerra Gold in a research note on Wednesday, May 3rd. Royal Bank of Canada restated an “underperform” rating on shares of Centerra Gold in a research note on Tuesday, May 2nd. Finally, CSFB cut their price objective on shares of Centerra Gold from C$10.25 to C$10.00 and set an “outperform” rating on the stock in a research note on Friday, March 24th.

Shares of Centerra Gold (CG) traded down 1.84% during trading on Friday, hitting $7.47. 319,709 shares of the stock were exchanged. The stock has a 50-day moving average of $7.57 and a 200 day moving average of $7.01. The stock has a market cap of $2.18 billion and a P/E ratio of 10.37. Centerra Gold has a 12-month low of $5.56 and a 12-month high of $8.32.

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About Centerra Gold

Centerra Gold Inc is a Canada-based gold mining company focused on operating, developing, exploring and acquiring gold properties in Asia, North America and other markets across the world. The Company’s exploration segment includes the operations of Lagares Project in which the activities are related to its subsidiary, Centerra Gold (KB) Inc Its Kyrgyz segment includes Kumtor Gold Co (KGC) (Kyrgyz Republic), which operates Kumtor Mine.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:CG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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