Centerra Gold (TSE:CG) was upgraded by equities research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a C$13.50 price target on the stock, up from their prior price target of C$11.75. National Bank Financial’s target price suggests a potential upside of 12.97% from the company’s previous close.
CG has been the topic of several other research reports. Canaccord Genuity lifted their target price on Centerra Gold from C$10.25 to C$11.50 in a research note on Friday, July 19th. TD Securities lifted their target price on Centerra Gold from C$10.00 to C$13.50 and gave the company a “hold” rating in a research note on Thursday, August 1st. CIBC lifted their target price on Centerra Gold from C$10.50 to C$11.50 in a research note on Monday, July 15th. Royal Bank of Canada upgraded Centerra Gold from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from C$7.00 to C$9.50 in a research note on Wednesday, June 26th. Finally, CSFB lifted their target price on Centerra Gold from C$8.00 to C$10.00 in a research note on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$11.93.
CG traded up C$0.52 on Wednesday, hitting C$11.95. The company had a trading volume of 611,928 shares, compared to its average volume of 649,798. The company has a fifty day simple moving average of C$10.37. Centerra Gold has a 12-month low of C$4.76 and a 12-month high of C$12.16. The company has a debt-to-equity ratio of 5.56, a current ratio of 2.78 and a quick ratio of 0.68. The stock has a market cap of $3.49 billion and a PE ratio of 26.10.
In other Centerra Gold news, Senior Officer Darren Millman sold 81,722 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of C$10.82, for a total value of C$883,880.64. Following the completion of the sale, the insider now owns 8,651 shares of the company’s stock, valued at C$93,566.62. Also, Director Gordon Dunlop Reid sold 101,648 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of C$10.98, for a total value of C$1,115,871.41. Following the completion of the sale, the director now directly owns 16,200 shares of the company’s stock, valued at approximately C$177,840.36.
About Centerra Gold
Centerra Gold Inc, a gold mining and exploration company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.
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