Centerra Gold Inc. (TSE:CG)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.65 and traded as low as $10.00. Centerra Gold shares last traded at $10.16, with a volume of 318,421 shares traded.
CG has been the subject of several research reports. Scotiabank reiterated a “sector perform” rating on shares of Centerra Gold in a research note on Monday, December 2nd. TD Securities cut their target price on shares of Centerra Gold from C$14.50 to C$14.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Raymond James reissued an “outperform” rating and issued a C$13.00 target price on shares of Centerra Gold in a research note on Tuesday, December 3rd. Bank of America upgraded shares of Centerra Gold from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$11.75 to C$15.75 in a report on Friday, August 16th. Finally, CSFB decreased their price target on shares of Centerra Gold from C$14.50 to C$13.00 in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$13.00.
The business has a 50 day simple moving average of C$11.10 and a two-hundred day simple moving average of C$10.65. The company has a current ratio of 3.47, a quick ratio of 0.78 and a debt-to-equity ratio of 6.03. The stock has a market cap of $2.95 billion and a price-to-earnings ratio of -91.82.
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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