Raymond James Lowers Centerra Gold (TSE:CG) Price Target to C$12.50

Centerra Gold (TSE:CG) had its target price cut by investment analysts at Raymond James from C$13.00 to C$12.50 in a research note issued on Monday, BayStreet.CA reports. Raymond James’ target price indicates a potential upside of 42.05% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Canaccord Genuity Group increased their price objective on shares of Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd. Cibc World Mkts cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Finally, CIBC lowered Centerra Gold from an “outperform” rating to a “neutral” rating and raised their target price for the stock from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$11.71.

Centerra Gold Stock Down 0.6 %

Shares of CG stock opened at C$8.80 on Monday. The stock’s fifty day moving average price is C$9.63 and its 200 day moving average price is C$9.33. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.79 and a quick ratio of 3.24. Centerra Gold has a 1-year low of C$6.07 and a 1-year high of C$10.59. The company has a market cap of C$1.87 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23.

Insider Transactions at Centerra Gold

In other Centerra Gold news, Senior Officer Claudia D’orazio sold 29,388 shares of Centerra Gold stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total value of C$299,757.60. In other news, Senior Officer Yousef Rehman sold 71,419 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total transaction of C$716,332.57. Also, Senior Officer Claudia D’orazio sold 29,388 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$10.20, for a total transaction of C$299,757.60. Corporate 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.