CIBC Lowers Centerra Gold (TSE:CG) Price Target to C$9.50

Centerra Gold (TSE:CGFree Report) had its target price decreased by CIBC from C$11.00 to C$9.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

CG has been the subject of a number of other reports. Canaccord Genuity Group decreased their price target on Centerra Gold from C$10.00 to C$9.00 in a research note on Tuesday, October 24th. Raymond James raised their price objective on Centerra Gold from C$11.00 to C$12.00 in a research note on Friday, January 12th. National Bank Financial reissued an outperform spec overweight rating on shares of Centerra Gold in a research note on Wednesday, January 3rd. Desjardins reduced their price objective on Centerra Gold from C$12.00 to C$11.75 and set a buy rating for the company in a research note on Tuesday, January 9th. Finally, Bank of America reduced their price objective on Centerra Gold from C$8.35 to C$8.30 in a research note on Wednesday, October 18th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of Buy and an average price target of C$10.23.

Read Our Latest Stock Analysis on CG

Centerra Gold Stock Performance

Shares of TSE CG opened at C$7.08 on Wednesday. The stock has a fifty day moving average price of C$7.62 and a two-hundred day moving average price of C$7.53. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.24 and a current ratio of 3.67. The firm has a market cap of C$1.53 billion, a P/E ratio of -7.22, a PEG ratio of 1.26 and a beta of 1.18. Centerra Gold has a 1 year low of C$6.17 and a 1 year high of C$10.28.

About Centerra Gold

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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 include the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt Gold Mine located in Turkey.

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