Centerra Gold (TSE:CG) Price Target Cut to C$9.80 by Analysts at CIBC

Centerra Gold (TSE:CG) had its price objective lowered by CIBC from C$12.50 to C$9.80 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 12.77% from the company’s previous close.

Several other equities research analysts have also issued reports on CG. Raymond James decreased their price target on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. Desjardins upgraded Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.37.

Centerra Gold Price Performance

Shares of TSE:CG opened at C$8.69 on Monday. The company has a market capitalization of C$1.85 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company’s 50-day moving average is C$9.27 and its 200 day moving average is C$9.33. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$10.59.

Insider Buying and Selling at Centerra Gold

In other news, Senior Officer Claudia D’orazio sold 29,388 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of C$10.20, for a total transaction of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total transaction of C$716,332.57. Insiders own 0.21% of the company’s stock.

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.