Centerra Gold (TSE:CG) Given New C$12.00 Price Target at TD Securities

Centerra Gold (TSE:CG) had its price objective decreased by research analysts at TD Securities from C$13.00 to C$12.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 43.88% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. Desjardins cut shares of Centerra Gold from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$12.75 to C$11.00 in a research report on Thursday, February 13th. Cormark cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their price objective on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Finally, CIBC cut their target price on shares of Centerra Gold from C$12.50 to C$9.80 in a research report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$11.47.

Centerra Gold Price Performance

Centerra Gold stock traded down C$0.11 during midday trading on Friday, hitting C$8.34. 435,566 shares of the company’s stock were exchanged, compared to its average volume of 714,441. The company has a market cap of C$1.25 billion, a P/E ratio of 12.09, a PEG ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The stock has a 50-day moving average price of C$8.74 and a two-hundred day moving average price of C$9.01. Centerra Gold has a 52-week low of C$7.42 and a 52-week high of C$10.59.

Insider Activity

In other news, Director Paul Nicholas Wright purchased 35,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were acquired at an average price of C$8.11 per share, with a total value of C$283,752.00. 0.21% of the stock is currently owned by corporate insiders.

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.