CIBC Raises Centerra Gold (TSE:CG) Price Target to C$11.50

Centerra Gold (TSE:CG) had its target price upped by CIBC from C$10.50 to C$11.50 in a research note published on Monday, BayStreet.CA reports.

Several other research analysts have also commented on CG. Canaccord Genuity set a $22.00 price objective on shares of Hibbett Sports and gave the stock a hold rating in a research note on Monday, March 25th. National Bank Financial lowered shares of Detour Gold to a hold rating in a research note on Friday, June 28th. Raymond James reissued a buy rating and set a $10.00 target price on shares of The Carlyle Group in a research report on Monday, June 3rd. Royal Bank of Canada reissued an underperform rating and set a GBX 215 ($2.81) target price on shares of in a research report on Wednesday, June 26th. Finally, CSFB dropped their target price on shares of Lundin Mining from C$9.75 to C$9.00 in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Centerra Gold presently has an average rating of Buy and an average target price of C$10.00.

TSE CG opened at C$10.34 on Monday. The company has a debt-to-equity ratio of 8.60, a quick ratio of 0.90 and a current ratio of 3.12. The company has a market cap of $2.70 billion and a price-to-earnings ratio of 20.80. The stock’s 50 day moving average price is C$8.89. Centerra Gold has a 52 week low of C$4.76 and a 52 week high of C$10.35.

Centerra Gold (TSE:CG) last posted its quarterly earnings data on Wednesday, May 1st. The company reported C$0.23 EPS for the quarter, topping the consensus estimate of C$0.15 by C$0.08. The firm had revenue of C$444.86 million for the quarter. Analysts anticipate that Centerra Gold will post 0.86 EPS for the current year.

About Centerra Gold

Centerra Gold Inc, a gold mining and exploration company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.

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