Centerra Gold (TSE:CG) Stock Price Expected to Rise, CIBC Analyst Says

Centerra Gold (TSE:CG) had its price target hoisted by stock analysts at CIBC from C$9.80 to C$10.30 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price target indicates a potential upside of 17.85% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Cormark lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. National Bankshares increased their target price on shares of Centerra Gold from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research note on Wednesday. TD Securities cut their target price on shares of Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Royal Bank of Canada cut their target price on shares of Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Finally, Desjardins lowered shares of Centerra Gold from a “buy” rating to a “hold” rating and cut their target price for the stock from C$12.75 to C$11.00 in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Centerra Gold has a consensus rating of “Hold” and an average target price of C$11.58.

Centerra Gold Trading Down 2.3 %

CG opened at C$8.74 on Thursday. Centerra Gold has a twelve month low of C$7.68 and a twelve month 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 company has a fifty day moving average of C$8.78 and a 200-day moving average of C$8.92. The stock has a market cap of C$1.31 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23.

Insider Activity

In other news, Director Paul Nicholas Wright purchased 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of C$8.11 per share, for a total transaction of C$283,752.00. Also, Director Paul Botond Stilicho Tomory sold 8,563 shares of Centerra Gold stock in a transaction dated Friday, March 7th. The stock was sold at an average price of C$8.28, for a total transaction of C$70,901.64. Corporate insiders own 0.21% of the company’s stock.

About Centerra Gold

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.