Centerra Gold (TSE:CG) Downgraded to Hold Rating by Cormark

Cormark cut shares of Centerra Gold (TSE:CG) from a moderate buy rating to a hold rating in a research note issued to investors 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.

CG has been the subject of a number of other research reports. Raymond James reduced their price target on Centerra Gold from C$13.00 to C$12.50 in a research report on Monday, November 4th. Royal Bank of Canada reduced their price objective on shares of Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. CIBC lowered their target price on shares of Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Finally, Desjardins downgraded shares of Centerra Gold from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$12.75 to C$11.00 in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Centerra Gold currently has a consensus rating of “Hold” and a consensus target price of C$11.40.

Centerra Gold Stock Performance

Shares of TSE CG opened at C$8.61 on Wednesday. Centerra Gold has a 12-month low of C$6.66 and a 12-month high of C$10.59. The company has a market cap of C$1.29 billion, a PE ratio of 12.48, a P/E/G ratio of 1.26 and a beta of 1.23. The stock has a 50 day simple moving average of C$8.71 and a 200-day simple moving average of C$9.04. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

Centerra Gold Company Profile

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.