Royal Bank of Canada Lowers Centerra Gold (TSE:CG) Price Target to C$11.00

Centerra Gold (TSE:CG) had its price target lowered by equities research analysts at Royal Bank of Canada from C$12.00 to C$11.00 in a research report issued on Tuesday,BayStreet.CA reports. Royal Bank of Canada’s target price points to a potential upside of 30.80% from the stock’s current price.

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

Centerra Gold Stock Performance

CG opened at C$8.41 on Tuesday. The company has a market cap of C$1.79 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 1.26 and a beta of 1.23. The company’s fifty day moving average price is C$8.48 and its two-hundred day moving average price is C$9.13. Centerra Gold has a 1-year low of C$6.07 and a 1-year high of C$10.59. The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29.

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.