Centerra Gold (TSE:CG) Price Target Raised to C$12.50 at National Bankshares

Centerra Gold (TSE:CG) had its target price hoisted by analysts at National Bankshares from C$12.00 to C$12.50 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 40.45% from the stock’s current price.

A number of other brokerages have also commented on CG. Royal Bank of Canada dropped their price target on Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Desjardins downgraded Centerra Gold from a “buy” rating to a “hold” rating and reduced their price target for the company from C$12.75 to C$11.00 in a report on Thursday, February 13th. CIBC reduced their price objective on Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Cormark downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, TD Securities dropped their target price on Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$11.52.

Centerra Gold Stock Performance

CG traded up C$0.12 during trading hours on Wednesday, hitting C$8.90. The stock had a trading volume of 227,615 shares, compared to its average volume of 759,432. The company’s fifty day simple moving average is C$8.76 and its 200 day simple moving average is C$8.93. Centerra Gold has a 1 year low of C$7.46 and a 1 year high of C$10.59. The stock has a market cap of C$1.34 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26.

Insiders Place Their Bets

In other Centerra Gold news, Director Paul Botond Stilicho Tomory sold 8,563 shares of Centerra Gold stock in a transaction dated Friday, March 7th. The stock was sold at an average price of C$8.28, for a total transaction of C$70,901.64. Also, Director Paul Nicholas Wright purchased 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of C$8.11 per share, with a total value of C$283,752.00. 0.21% of the stock is owned by 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.