Centerra Gold Inc. (TSE:CG)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.29 and traded as high as $11.05. Centerra Gold shares last traded at $10.98, with a volume of 178,848 shares traded.
A number of analysts have recently weighed in on CG shares. National Bank Financial upped their price target on shares of Centerra Gold from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. CIBC downgraded shares of Centerra Gold from an “outperform” rating to a “neutral” rating and cut their price target for the stock from C$13.75 to C$12.25 in a report on Thursday, October 31st. Bank of America raised shares of Centerra Gold from a “neutral” rating to a “buy” rating and upped their price target for the stock from C$11.75 to C$15.75 in a report on Friday, August 16th. TD Securities cut their price target on shares of Centerra Gold from C$14.50 to C$14.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Finally, CSFB cut their price target on shares of Centerra Gold from C$14.50 to C$13.00 in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$13.19.
The company has a debt-to-equity ratio of 6.03, a current ratio of 3.47 and a quick ratio of 0.78. The company’s 50-day moving average price is C$11.72 and its two-hundred day moving average price is C$10.29. The company has a market capitalization of $3.13 billion and a price-to-earnings ratio of -98.91.
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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