Canaccord Genuity Group Boosts Centerra Gold (TSE:CG) Price Target to C$11.00

Centerra Gold (TSE:CG) had its target price hoisted by stock analysts at Canaccord Genuity Group from C$10.75 to C$11.00 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 29.11% from the company’s current price.

Other analysts also recently issued research reports about the company. Raymond James lifted their price objective on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday. BMO Capital Markets set a C$10.00 price objective on Centerra Gold and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Centerra Gold in a research note on Monday, April 8th. Cormark reduced their price objective on Centerra Gold from C$11.50 to C$11.00 in a research note on Monday, February 26th. Finally, CIBC lifted their price objective on Centerra Gold from C$9.50 to C$11.00 in a research note on Monday, April 15th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$10.57.

Centerra Gold Stock Down 1.5 %

Shares of CG opened at C$8.52 on Tuesday. The business’s 50 day moving average is C$7.72 and its 200 day moving average is C$7.54. The company has a market capitalization of C$1.84 billion, a PE ratio of -16.38, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16. Centerra Gold has a 12-month low of C$6.07 and a 12-month high of C$9.82. 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 (TSE:CG) last issued its 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). Centerra Gold had a negative net margin of 7.42% and a negative return on equity of 4.66%. The business had revenue of C$462.92 million for the quarter. Research analysts expect that Centerra Gold will post 0.4058317 earnings per share for the current fiscal 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 on 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.

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.