Royal Bank of Canada Issues Pessimistic Forecast for Centerra Gold (TSE:CG) Stock Price

Centerra Gold (TSE:CG) had its price objective cut by Royal Bank of Canada from C$12.00 to C$11.00 in a research note issued on Tuesday,BayStreet.CA reports. Royal Bank of Canada’s price target would suggest a potential upside of 31.74% from the company’s previous close.

CG has been the topic of several other research reports. CIBC cut their price target on Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Finally, Raymond James decreased their target price on shares of Centerra Gold from C$13.00 to C$12.50 in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Centerra Gold has a consensus rating of “Moderate Buy” and an average target price of C$11.33.

Centerra Gold Stock Performance

Shares of TSE:CG traded up C$0.15 on Tuesday, reaching C$8.35. 225,435 shares of the company’s stock were exchanged, compared to its average volume of 354,160. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$10.59. The business’s 50-day moving average is C$8.52 and its two-hundred day moving average is C$9.14. The company has a quick ratio of 3.24, a current ratio of 3.79 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of C$1.78 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.26 and a beta of 1.23.

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.