Centerra Gold (TSE:CG) Price Target Raised to C$10.00

Centerra Gold (TSE:CG) had its target price lifted by CSFB from C$8.00 to C$10.00 in a research report released on Wednesday morning, BayStreet.CA reports.

A number of other brokerages also recently commented on CG. Canaccord Genuity set a $22.00 target price on Hibbett Sports and gave the company a hold rating in a report on Monday, March 25th. Raymond James restated a buy rating and set a $10.00 target price on shares of The Carlyle Group in a report on Monday, June 3rd. Royal Bank of Canada restated an underperform rating and set a GBX 215 ($2.81) target price on shares of in a report on Wednesday, June 26th. National Bank Financial downgraded Detour Gold to a hold rating in a report on Friday, June 28th. Finally, CIBC upgraded Centerra Gold from a neutral rating to an outperform rating and upped their target price for the company from C$9.00 to C$10.50 in a report on Monday, June 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Centerra Gold presently has an average rating of Buy and an average price target of C$9.83.

Shares of CG stock opened at C$9.75 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 3.12 and a debt-to-equity ratio of 8.60. Centerra Gold has a fifty-two week low of C$4.76 and a fifty-two week high of C$9.90. The company has a 50 day moving average of C$8.64. The company has a market capitalization of $2.70 billion and a P/E ratio of 19.62.

Centerra Gold (TSE:CG) last announced its quarterly earnings data on Wednesday, May 1st. The company reported C$0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.15 by C$0.08. The company had revenue of C$444.86 million during the quarter. On average, equities analysts forecast that Centerra Gold will post 0.86 EPS for the current year.

Centerra Gold Company Profile

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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