Centerra Gold (TSE:CG) Price Target Cut to C$9.80 by Analysts at CIBC

Centerra Gold (TSE:CG) had its target price decreased by equities research analysts at CIBC from C$12.50 to C$9.80 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 17.93% from the stock’s previous close.

A number of other research analysts have also recently weighed in on CG. Desjardins upgraded Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Raymond James dropped their price target on Centerra Gold from C$13.00 to C$12.50 in a research report on Monday, November 4th. 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 company has an average rating of “Moderate Buy” and an average price target of C$11.37.

Centerra Gold Price Performance

Centerra Gold stock traded down C$0.14 during midday trading on Monday, reaching C$8.31. The company’s stock had a trading volume of 47,809 shares, compared to its average volume of 741,913. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$10.59. 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 stock’s 50 day simple moving average is C$9.30 and its 200 day simple moving average is C$9.34. The firm has a market capitalization of C$1.77 billion, a PE ratio of 9.89, a P/E/G ratio of 1.26 and a beta of 1.23.

Insider Buying and Selling

In other news, Senior Officer Claudia D’orazio sold 29,388 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$10.20, for a total transaction of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total transaction of C$716,332.57. 0.21% of the stock is currently owned by company insiders.

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.