Centerra Gold (TSE:CG) Stock Rating Upgraded by Desjardins

Centerra Gold (TSE:CG - Get Free Report) was upgraded by investment analysts at Desjardins to a "moderate buy" rating in a research note issued to investors on Thursday, Zacks.com reports.

A number of other research firms have also recently weighed in on CG. CIBC cut Centerra Gold from an "outperform" rating to a "neutral" rating and upped their price target for the stock from C$11.00 to C$13.00 in a report on Wednesday, July 10th. Canaccord Genuity Group upped their price target on Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. Cibc World Mkts cut Centerra Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 10th. Finally, Raymond James lowered their price target on Centerra Gold from C$13.50 to C$13.00 and set an "outperform" rating on the stock in a report on Monday, September 30th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Centerra Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of C$11.83.

Centerra Gold Stock Performance

Shares of CG stock traded down C$0.74 during trading hours on Thursday, reaching C$9.10. 2,173,872 shares of the company's stock were exchanged, compared to its average volume of 737,352. The company has a market cap of C$1.94 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company's 50 day moving average is C$9.68 and its two-hundred day moving average is C$9.31. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$10.59. 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 (TSE:CG - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.31 earnings per share for the quarter, topping analysts' consensus estimates of C$0.22 by C$0.09. The business had revenue of C$386.27 million for the quarter. Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%.

Insider Transactions at Centerra Gold

In other news, Senior Officer Yousef Rehman sold 71,419 shares of the firm's stock in a transaction 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. In other news, Senior Officer Yousef Rehman sold 71,419 shares of the firm's stock in a transaction 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 firm's stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$10.20, for a total value of C$299,757.60. 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.