Centerra Gold (CG) Gets a Sell Rating from RBC Capital
Centerra Gold (CG), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Stephen Walker from RBC Capital reiterated a Sell rating, with a C$7 price target.
According to TipRanks.com, Walker is a 3-star analyst with an average return of 1.7% and a 43.5% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Hudbay Minerals Inc, and Centerra Gold Inc.
Currently, the analyst consensus on Centerra Gold is a Hold with an average price target of C$7.33.
Centerra Gold’s market cap is currently C$1.63B and has a P/E ratio of 6.9. The company has a Price to Book ratio of 0.60.
Centerra Gold, Inc. is a gold mining company, which engages in the operation, development, exploration and acquisition of gold properties. Its operation involves Kumtor and Boroo gold minse and Milligan Gold-Copper mine. The company was on November 7, 2002 and is headquartered in Toronto, Canada.
The company’s shares closed on Wednesday at C$5.58.