Centerra Gold (TSE:CG) Given New C$13.00 Price Target at Royal Bank of Canada

Centerra Gold (TSE:CG - Get Free Report) had its price objective hoisted by equities research analysts at Royal Bank of Canada from C$12.00 to C$13.00 in a report issued on Wednesday,BayStreet.CA reports. Royal Bank of Canada's price target would indicate a potential upside of 25.97% from the stock's previous close.

A number of other research firms have also issued reports on CG. Cibc World Mkts upgraded shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. National Bankshares lifted their price objective on shares of Centerra Gold from C$12.00 to C$12.50 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. Desjardins lowered shares of Centerra Gold from a "buy" rating to a "hold" rating and dropped their price objective for the company from C$12.75 to C$11.00 in a research note on Thursday, February 13th. CIBC lifted their price target on shares of Centerra Gold from C$9.80 to C$10.30 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Finally, National Bank Financial upgraded shares of Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Centerra Gold has an average rating of "Moderate Buy" and a consensus price target of C$12.11.

Centerra Gold Stock Down 0.4%

Shares of CG traded down C$0.04 during mid-day trading on Wednesday, reaching C$10.32. 1,085,829 shares of the stock traded hands, compared to its average volume of 726,657. The firm has a market cap of C$1.55 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.26 and a beta of 1.23. The stock has a fifty day simple moving average of C$9.31 and a 200 day simple moving average of C$8.86. Centerra Gold has a 12-month low of C$7.72 and a 12-month high of C$10.59. 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 news, Senior Officer Claudia D'orazio sold 3,831 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total transaction of C$31,720.68. Also, Director Paul Botond Stilicho Tomory sold 8,563 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total transaction of C$70,901.64. 0.21% of the stock is currently owned by corporate 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.