Centerra Gold (TSE:CG - Get Free Report) had its price target reduced by CIBC from C$13.00 to C$12.50 in a note issued to investors on Tuesday, BayStreet.CA reports. CIBC's target price would indicate a potential upside of 42.05% from the company's previous close.
Other equities analysts have also recently issued research reports about the stock. Desjardins raised shares of Centerra Gold to a "moderate buy" rating in a research note on Thursday, October 31st. Raymond James decreased their price target on shares of Centerra Gold from C$13.00 to C$12.50 in a report on Monday. Canaccord Genuity Group upped their price target on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. Finally, Cibc World Mkts downgraded Centerra Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$11.71.
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Centerra Gold Stock Performance
Shares of Centerra Gold stock traded down C$0.05 during trading hours on Tuesday, reaching C$8.80. The company's stock had a trading volume of 1,286,711 shares, compared to its average volume of 742,205. The stock has a market cap of C$1.87 billion, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. Centerra Gold has a one year low of C$6.07 and a one year high of C$10.59. The company's 50 day simple moving average is C$9.63 and its 200 day simple moving average is C$9.33. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79.
Insider Buying and Selling at Centerra Gold
In related news, Senior Officer Claudia D'orazio sold 29,388 shares of the firm's stock in a transaction that occurred 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 Centerra Gold news, Senior Officer Yousef Rehman sold 71,419 shares of the company's stock in a transaction on Tuesday, September 24th. The shares were 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 firm's 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. Company insiders own 0.21% of the company's stock.
About Centerra Gold
(
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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.
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