Raymond James Has Lowered Expectations for Centerra Gold (TSE:CG) Stock Price

Centerra Gold (TSE:CG - Get Free Report) had its target price dropped by stock analysts at Raymond James from C$13.00 to C$12.50 in a report issued on Monday, BayStreet.CA reports. Raymond James' price target indicates a potential upside of 41.24% from the stock's current price.

Several other brokerages also recently issued reports on CG. Canaccord Genuity Group boosted their target price on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. Cibc World Mkts lowered Centerra Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 10th. CIBC lowered Centerra Gold from an "outperform" rating to a "neutral" rating and raised their price objective for the stock from C$11.00 to C$13.00 in a research report on Wednesday, July 10th. Finally, Desjardins upgraded Centerra Gold to a "moderate buy" rating in a report on Thursday. Two investment 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of C$11.77.

Centerra Gold Trading Down 2.7 %

CG traded down C$0.25 during trading on Monday, reaching C$8.85. The company had a trading volume of 1,225,845 shares, compared to its average volume of 739,645. The firm's 50-day simple moving average is C$9.68 and its 200 day simple moving average is C$9.32. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79. The company has a market cap of C$1.88 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold has a 12-month low of C$6.07 and a 12-month high of C$10.59.

Centerra Gold (TSE:CG - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported C$0.31 earnings per share for the quarter, topping the consensus estimate of C$0.22 by C$0.09. The business had revenue of C$386.27 million for the quarter. Centerra Gold had a net margin of 10.69% and a return on equity of 7.98%.

Insider Buying and Selling

In related 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 Centerra Gold stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total value of C$716,332.57. Also, Senior Officer Claudia D'orazio sold 29,388 shares of the business's stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$10.20, for a total transaction of C$299,757.60. 0.21% of the stock is currently owned by corporate 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.