Cormark Downgrades Centerra Gold (TSE:CG) to Hold

Cormark lowered shares of Centerra Gold (TSE:CG) from a moderate buy rating to a hold rating in a research report report published on Wednesday morning,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.

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

Centerra Gold Stock Up 1.3 %

Shares of TSE:CG opened at C$8.61 on Wednesday. The firm has a 50 day simple moving average of C$8.71 and a 200 day simple moving average of C$9.04. Centerra Gold has a 52 week low of C$6.66 and a 52 week high of C$10.59. 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 company has a market cap of C$1.29 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23.

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.