Centerra Gold (TSE:CG) PT Raised to C$12.50 at Raymond James

Centerra Gold (TSE:CG) had its price objective increased by research analysts at Raymond James from C$11.50 to C$12.50 in a research report issued on Tuesday, BayStreet.CA reports. Raymond James’ price objective would indicate a potential upside of 44.68% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. National Bank Financial restated an “outperform overweight” rating on shares of Centerra Gold in a report on Monday, April 8th. Cormark dropped their price objective on shares of Centerra Gold from C$11.50 to C$11.00 in a report on Monday, February 26th. BMO Capital Markets set a C$10.00 target price on shares of Centerra Gold and gave the stock an “outperform” rating in a report on Wednesday, February 21st. Desjardins reduced their target price on shares of Centerra Gold from C$12.00 to C$11.75 and set a “buy” rating for the company in a research report on Tuesday, January 9th. Finally, Bank of America increased their target price on shares of Centerra Gold from C$7.55 to C$8.50 in a research note on Tuesday, April 9th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$10.57.

Centerra Gold Trading Up 4.1 %

Shares of Centerra Gold stock traded up C$0.34 on Tuesday, reaching C$8.64. 248,740 shares of the company were exchanged, compared to its average volume of 520,591. The stock has a fifty day moving average price of C$7.63 and a 200-day moving average price of C$7.51. The firm has a market capitalization of C$1.86 billion, a price-to-earnings ratio of -16.46, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16. The company has a current ratio of 3.25, a quick ratio of 3.24 and a debt-to-equity ratio of 1.45. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$9.82.

Centerra Gold (TSE:CG) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.39 by C($0.01). The company 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%. On average, analysts expect that Centerra Gold will post 0.4058317 EPS for the current year.

Insider Transactions at Centerra Gold

In related news, Senior Officer Darren Millman sold 110,274 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$6.96, for a total value of C$766,955.67. Insiders own 0.38% of the company’s stock.

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.