Centerra Gold (TSE:CG) PT Raised to C$11.00

Centerra Gold (TSE:CG) had its price target boosted by investment analysts at Canaccord Genuity Group from C$10.75 to C$11.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 29.11% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Cormark cut their price target on shares of Centerra Gold from C$11.50 to C$11.00 in a report on Monday, February 26th. Raymond James boosted their price objective on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday. Bank of America boosted their price objective on Centerra Gold from C$7.55 to C$8.50 in a research note on Tuesday, April 9th. BMO Capital Markets set a C$10.00 price objective on Centerra Gold and gave the company an “outperform” rating in a research note on Wednesday, February 21st. Finally, CIBC boosted their price objective on Centerra Gold from C$9.50 to C$11.00 in a research note on Monday, April 15th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Centerra Gold has a consensus rating of “Buy” and a consensus target price of C$10.57.

Centerra Gold Price Performance

CG 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. The company has a market capitalization of C$1.84 billion, a price-to-earnings ratio of -16.38, a P/E/G ratio of 1.26 and a beta of 1.16. The firm’s fifty day moving average price is C$7.72 and its two-hundred day moving average price is C$7.54. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$9.82.

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

Insider Activity

In other news, Senior Officer Darren Millman sold 110,274 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$6.96, for a total transaction of C$766,955.67. Company insiders own 0.38% 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.