Royal Bank of Canada Has Lowered Expectations for Centerra Gold (TSE:CG) Stock Price

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

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

Centerra Gold Price Performance

TSE:CG opened at C$8.41 on Tuesday. The stock has a market capitalization of C$1.79 billion, a PE ratio of 10.01, a P/E/G ratio of 1.26 and a beta of 1.23. Centerra Gold has a 1-year low of C$6.07 and a 1-year high of C$10.59. The firm has a fifty day simple moving average of C$8.48 and a 200 day simple moving average of C$9.13. 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.