Desjardins Downgrades Centerra Gold (TSE:CG) to Hold

Desjardins cut shares of Centerra Gold (TSE:CG) from a buy rating to a hold rating in a research report report published on Thursday morning,BayStreet.CA reports. They currently have C$11.00 target price on the stock, down from their prior target price of C$12.75.

Other analysts have also recently issued reports about the stock. Raymond James dropped their price target on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. Royal Bank of Canada dropped their price target on shares of Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Finally, CIBC dropped their price target on shares of Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.24.

Centerra Gold Stock Down 1.6 %

CG opened at C$9.36 on Thursday. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. The stock has a market cap of C$1.41 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold has a twelve month low of C$6.26 and a twelve month high of C$10.59. The company’s 50-day moving average price is C$8.61 and its two-hundred day moving average price is C$9.05.

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.