Centerra Gold (TSE:CG) Price Target Raised to C$12.50

Centerra Gold (TSE:CG) had its price objective boosted by analysts at Raymond James from C$11.50 to C$12.50 in a note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ price target points to a potential upside of 46.71% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on CG. BMO Capital Markets set a C$10.00 target price on shares of Centerra Gold and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. CIBC raised their price objective on shares of Centerra Gold from C$9.50 to C$11.00 in a research report on Monday, April 15th. Canaccord Genuity Group lowered their price target on shares of Centerra Gold from C$11.75 to C$10.75 and set a “buy” rating for the company in a research report on Thursday, March 21st. National Bankshares lifted their price target on shares of Centerra Gold from C$10.50 to C$11.00 in a research report on Friday, April 19th. Finally, Cormark lowered their price target on shares of Centerra Gold from C$11.50 to C$11.00 in a research report on Monday, February 26th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$10.57.

Centerra Gold Price Performance

Shares of Centerra Gold stock opened at C$8.52 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 3.24. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$9.82. The firm has a fifty day moving average price of C$7.72 and a two-hundred day moving average price of C$7.54. The company has a market cap of C$1.84 billion, a PE ratio of -16.38, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16.

Centerra Gold (TSE:CG) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.01). The company had revenue of C$462.92 million during the quarter. Centerra Gold had a negative net margin of 7.42% and a negative return on equity of 4.66%. Analysts expect that Centerra Gold will post 0.4058317 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Darren Millman sold 110,274 shares of Centerra Gold stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$6.96, for a total transaction of C$766,955.67. 0.38% of the stock is owned by insiders.

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.