Centerra Gold Receives Consensus Rating of “Hold” from Brokerages
Centerra Gold (TSE:CG) has received an average rating of “Hold” from the seven brokerages that are currently covering the firm, AnalystRatings.NET reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$6.81.
Shares of Centerra Gold (TSE:CG) traded down 0.77% on Monday, hitting $7.72. 155,914 shares of the stock traded hands. The stock has a 50 day moving average of $6.97 and a 200-day moving average of $6.75. Centerra Gold has a 1-year low of $3.96 and a 1-year high of $7.98. The stock has a market cap of $1.83 billion and a PE ratio of 37.84.
Centerra Gold (TSE:CG) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.12. On average, equities research analysts expect that Centerra Gold will post $0.23 EPS for the current year.
Several research analysts have commented on CG shares. Scotiabank downgraded Centerra Gold from an “outperform” rating to a “sector perform” rating and set a C$8.50 price objective for the company. in a research note on Thursday, June 4th. RBC Capital cut Centerra Gold from a “sector perform” rating to an “underperform” rating and reduced their target price for the company from C$7.50 to C$6.50 in a report on Monday, August 24th. TheStreet cut Centerra Gold to a “sell” rating in a report on Wednesday, August 19th. BMO Capital Markets increased their target price on Centerra Gold from C$6.00 to C$6.25 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Finally, HSBC increased their price target on Centerra Gold from C$8.00 to C$8.10 and gave the company a “buy” rating in a research report on Tuesday, September 8th.
Centerra Gold Inc is a Canada-based gold mining and exploration company. The Firm is engaged in investigation, the operation, development and acquisition of gold properties in Asia. The Business includes two gold mines that are making, Kumtor mine in the Kyrgyz Republic and Boroo mine in Mongolia. Kumtor is situated in the Kyrgyz Republic, about 350 kilometers southeast of the capital Bishkek. As 2013, the gold production of Kumtor was 600,402 oz. Gatsuurt investigation property, located 35 kilometers from the Boroo mine. The Gatsuurt property is included by its development property . The Firm’s other exploration properties are the Oksut project in Turkey; Kara Beldyr endeavor in the Tyva Republic in Russia; Laogouxi endeavor in China; Sumber Joint Venture in Mongolia, and Altan Tsagaan Ovoo (TSE:CG) project in Mongolia.