Centerra Gold Inc. (TSE:CG) Director Paul Nicholas Wright Buys 35,000 Shares

Centerra Gold Inc. (TSE:CG) Director Paul Nicholas Wright bought 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was bought at an average cost of C$8.11 per share, for a total transaction of C$283,752.00.

Centerra Gold Stock Down 0.4 %

Centerra Gold stock traded down C$0.03 during mid-day trading on Friday, hitting C$8.17. The company had a trading volume of 913,255 shares, compared to its average volume of 671,775. The stock has a market cap of C$1.23 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold Inc. has a 1 year low of C$6.79 and a 1 year high of C$10.59. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. The business has a fifty day moving average of C$8.72 and a 200 day moving average of C$9.03.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Desjardins cut shares of Centerra Gold from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$12.75 to C$11.00 in a research report on Thursday, February 13th. Raymond James reduced their price target on shares of Centerra Gold from C$13.00 to C$12.50 in a research report on Monday, November 4th. CIBC reduced their price target on shares of Centerra Gold from C$12.50 to C$9.80 in a research report on Monday, December 2nd. Royal Bank of Canada reduced their price target on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Finally, Cormark lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$11.40.

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.