Centerra Gold (CG), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Brian MacArthur from Raymond James rated Centerra Gold (CG) a Buy, setting a C$10 price target.
According to TipRanks.com, MacArthur has currently no stars on a ranking scale of 0-5 stars, with an average return of -2.9% and a 40.9% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Trevali Mining Corporation, and Osisko Gold Royalties Ltd.
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Currently, the analyst consensus on Centerra Gold is a Strong Buy with an average price target of C$9.50, a 17.3% upside from current levels. In a report released today, CIBC also upgraded the stock to Buy with a C$10.50 price target.
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Centerra Gold’s market cap is currently C$2.26B and has a P/E ratio of 11.2. The company has a Price to Book ratio of 0.77.
Centerra Gold, Inc. engages in the operation, development, exploration and acquisition of gold and copper properties. It operates through the following segments: Kyrgyz Republic, Turkey, North America, and Corporate and Other. The Kyrgyz Republic segment includes the operations of the kumtor gold project.
The company’s shares closed on Monday at C$8.10.
