Desjardins downgraded shares of Centerra Gold (TSE:CG - Free Report) from a buy rating to a hold rating in a research report released on Thursday morning, Marketbeat.com reports. Desjardins currently has C$11.00 price objective on the stock, down from their previous price objective of C$12.75.
Several other research firms also recently issued reports on CG. CIBC dropped their price target on shares of Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Raymond James reduced their price target on Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th. Finally, Royal Bank of Canada lowered their price objective on Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$11.24.
Get Our Latest Stock Analysis on CG
Centerra Gold Trading Down 3.4 %
CG stock traded down C$0.32 during trading on Thursday, reaching C$9.04. 413,447 shares of the stock traded hands, compared to its average volume of 572,600. The firm has a market capitalization of C$1.36 billion, a PE ratio of 13.10, a P/E/G ratio of 1.26 and a beta of 1.23. Centerra Gold has a 52-week low of C$6.53 and a 52-week high of C$10.59. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. The business's 50 day moving average price is C$8.64 and its 200-day moving average price is C$9.05.
Centerra Gold Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Centerra Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Centerra Gold wasn't on the list.
While Centerra Gold currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
