Raymond James Financial Boosts Centerra Gold (TSE:CG) Price Target to C$29.00

Centerra Gold (TSE:CG) had its price objective lifted by investment analysts at Raymond James Financial from C$28.00 to C$29.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 15.22% from the stock’s current price.

A number of other research firms have also issued reports on CG. Canadian Imperial Bank of Commerce boosted their target price on shares of Centerra Gold from C$37.00 to C$38.00 in a research note on Thursday. Desjardins increased their price objective on Centerra Gold from C$30.00 to C$33.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Finally, TD raised their target price on Centerra Gold from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$28.17.

Centerra Gold Stock Performance

CG stock traded up C$1.22 during midday trading on Thursday, reaching C$25.17. The company had a trading volume of 413,685 shares, compared to its average volume of 916,446. The company has a quick ratio of 3.24, a current ratio of 2.41 and a debt-to-equity ratio of 2.09. The stock has a 50 day moving average price of C$22.90 and a 200 day moving average price of C$24.21. Centerra Gold has a fifty-two week low of C$9.25 and a fifty-two week high of C$28.97. The firm has a market capitalization of C$5.00 billion, a PE ratio of 8.12, a P/E/G ratio of 1.26 and a beta of 1.83.

Centerra Gold (TSE:CG) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C$0.55 earnings per share for the quarter. The business had revenue of C$629.00 million for the quarter. Centerra Gold had a return on equity of 32.55% and a net margin of 41.28%.

Insider Activity

In related news, Director Paul Nicholas Wright bought 5,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of C$22.31 per share, with a total value of C$111,550.00. Following the purchase, the director owned 130,000 shares in the company, valued at approximately C$2,900,300. This represents a 4.00% increase in their ownership of the stock. Also, Director Eric Dell sold 7,827 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of C$22.97, for a total transaction of C$179,786.19. In the last three months, insiders have sold 10,252 shares of company stock worth $235,442. 0.21% of the stock is owned by corporate insiders.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada.