Centerra Gold (TSE:CG) Reaches New 1-Year High at $8.52

Share on StockTwits

Centerra Gold Inc. (TSE:CG)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as C$8.52 and last traded at C$8.46, with a volume of 43734 shares changing hands. The stock had previously closed at C$8.35.

CG has been the subject of several recent analyst reports. CIBC raised Centerra Gold from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$9.00 to C$10.50 in a research note on Monday, June 3rd. Raymond James raised Centerra Gold from a “market perform” rating to an “outperform” rating and raised their target price for the stock from C$9.00 to C$10.00 in a research note on Monday, June 3rd. Canaccord Genuity reissued a “buy” rating and set a C$9.00 target price on shares of Centerra Gold in a research note on Monday, March 25th. Finally, CSFB set a C$8.00 target price on Centerra Gold and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$8.63.

The company has a debt-to-equity ratio of 8.60, a current ratio of 3.12 and a quick ratio of 0.90. The company has a market capitalization of $2.48 billion and a PE ratio of 17.08.

Centerra Gold (TSE:CG) last posted its earnings results on Wednesday, May 1st. The company reported C$0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.15 by C$0.08. The business had revenue of C$444.86 million for the quarter. On average, research analysts anticipate that Centerra Gold Inc. will post 0.8299999 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Highlight Press and is owned by of Highlight Press. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://highlightpress.com/2019/06/16/centerra-gold-tsecg-reaches-new-1-year-high-at-8-52.html.

About Centerra Gold (TSE:CG)

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.

Featured Article: What are the benefits of momentum investing?

Receive News & Ratings for Centerra Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centerra Gold and related companies with MarketBeat.com's FREE daily email newsletter.