Centerra Gold (TSE:CG) Price Target Raised to C$10.30

Centerra Gold (TSE:CG) had its price objective hoisted by CIBC from C$9.80 to C$10.30 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price would indicate a potential upside of 15.99% from the stock’s current price.

A number of other equities analysts also recently issued reports on CG. Desjardins downgraded Centerra Gold from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$12.75 to C$11.00 in a research report on Thursday, February 13th. National Bankshares increased their price target on Centerra Gold from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Wednesday. Cormark cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. TD Securities reduced their target price on Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Royal Bank of Canada reduced their target price on Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Centerra Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.58.

Centerra Gold Stock Performance

Shares of CG traded down C$0.05 during mid-day trading on Thursday, reaching C$8.88. The company had a trading volume of 493,552 shares, compared to its average volume of 763,035. Centerra Gold has a 52-week low of C$7.68 and a 52-week high of C$10.59. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of C$1.33 billion, a P/E ratio of 12.87, a PEG ratio of 1.26 and a beta of 1.23. The stock has a 50 day moving average of C$8.77 and a two-hundred day moving average of C$8.93.

Insider Activity at Centerra Gold

In related news, Senior Officer Claudia D’orazio sold 3,831 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total value of C$31,720.68. Also, Director Paul Nicholas Wright acquired 35,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of C$8.11 per share, with a total value of C$283,752.00. Insiders own 0.21% of the company’s stock.

Centerra Gold Company Profile

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.