The Materials sector company, Centerra Gold (CG), has received a rating update from a Wall Street analyst on May 31. Brian MacArthur, an analyst with Raymond James, has upgraded their rating on CG to Buy on May 31 , with a C$10 price target.
According to TipRanks.com, MacArthur is a 1-star analyst with an average return of -1.6% and a 42.4% 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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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Centerra Gold with a C$9.50 average price target, representing a 15.6% upside. In a report issued on June 3, 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 11.8. The company has a Price to Book ratio of 0.82.
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 Wednesday at C$8.22, close to its 52-week high of C$8.24.
