National Bank Financial upgraded shares of Centerra Gold (TSE:CG) from a sector perform rating to an outperform rating in a research note released on Wednesday morning, BayStreet.CA reports. The brokerage currently has C$13.50 price objective on the stock, up from their prior price objective of C$11.75.
CG has been the topic of several other reports. TD Securities upped their price target on Centerra Gold from C$10.00 to C$13.50 and gave the company a hold rating in a research report on Thursday, August 1st. CIBC upped their price target on Centerra Gold from C$10.50 to C$11.50 in a research report on Monday, July 15th. Canaccord Genuity upped their price target on Centerra Gold from C$10.25 to C$11.50 in a research report on Friday, July 19th. Royal Bank of Canada raised Centerra Gold from an underperform rating to a sector perform rating and upped their price target for the company from C$7.00 to C$9.50 in a research report on Wednesday, June 26th. Finally, CSFB upped their price target on Centerra Gold from C$8.00 to C$10.00 in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Centerra Gold currently has an average rating of Buy and an average price target of C$12.41.
CG stock opened at C$11.89 on Wednesday. The company has a current ratio of 2.78, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56. The firm has a market cap of $3.48 billion and a P/E ratio of 26.07. Centerra Gold has a 12-month low of C$4.76 and a 12-month high of C$12.16. The stock’s 50 day simple moving average is C$10.52 and its 200 day simple moving average is C$8.16.
About Centerra Gold
Centerra Gold Inc, a gold mining and exploration company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.
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