Centerra Gold (TSE:CG) Rating Lowered to “Hold” at Cormark

Centerra Gold (TSE:CG) was downgraded by research analysts at Cormark from a “moderate buy” rating to a “hold” rating in a 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.

Other equities analysts have also recently issued research reports about the company. Raymond James dropped their price objective on Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th. Royal Bank of Canada dropped their price objective on Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. CIBC dropped their price objective on Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Finally, Desjardins cut Centerra Gold from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$12.75 to C$11.00 in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$11.40.

Centerra Gold Price Performance

Shares of Centerra Gold stock opened at C$8.20 on Wednesday. The stock has a market cap of C$1.23 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. 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 has a 50 day moving average price of C$8.72 and a 200-day moving average price of C$9.04. Centerra Gold has a one year low of C$6.66 and a one year 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.