Centerra Gold (TSE:CG) Stock Rating Lowered by Cormark

Centerra Gold (TSE:CG) was downgraded by equities researchers at Cormark from a “moderate buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports. Cormark also issued estimates for Centerra Gold’s Q1 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.13 EPS and FY2026 earnings at $0.87 EPS.

Several other brokerages have also recently weighed in on CG. Royal Bank of Canada lowered their price target on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Raymond James reduced their target price on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. Desjardins cut shares of Centerra Gold from a “buy” rating to a “hold” rating and dropped their price target for the company from C$12.75 to C$11.00 in a research note on Thursday, February 13th. Finally, CIBC cut their price target on shares of Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$11.40.

Centerra Gold Stock Performance

TSE CG opened at C$8.61 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The stock’s fifty day moving average is C$8.71 and its two-hundred day moving average is C$9.04. The firm has a market capitalization of C$1.29 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. Centerra Gold has a fifty-two week low of C$6.66 and a fifty-two week high of C$10.59.

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.