In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Centerra Gold (TSX: CG). The company received a Hold yesterday from CIBC’s analyst David Haughton, with a C$7.50 price target.
According to TipRanks.com, Haughton is ranked #3946 out of 4839 analysts.
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Currently, the analyst consensus on Centerra Gold is a Hold with an average price target of C$7.44, implying a 25.6% upside from current levels. In a report released yesterday, Scotiabank also downgraded the stock to Hold with a C$8 price target.
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Centerra Gold’s market cap is currently C$1.73B and has a P/E ratio of 8.3. The company has a Price to Book ratio of 0.66.
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 Thursday at C$5.93, close to its 52-week low of C$5.74.