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Centerra Gold (TSE:CG) Upgraded by Cibc World Mkts to Strong-Buy Rating

Centerra Gold logo with Basic Materials background

Centerra Gold (TSE:CG - Get Free Report) was upgraded by investment analysts at Cibc World Mkts from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also weighed in on CG. Cormark lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Desjardins lowered Centerra Gold from a "buy" rating to a "hold" rating and reduced 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 objective on Centerra Gold from C$9.80 to C$10.30 and gave the company a "neutral" rating in a research note on Thursday, March 20th. National Bankshares lifted their price objective on 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. Finally, National Bank Financial upgraded Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$11.83.

Check Out Our Latest Report on CG

Centerra Gold Stock Down 0.9%

Shares of Centerra Gold stock traded down C$0.09 during trading on Tuesday, reaching C$9.77. The company's stock had a trading volume of 832,479 shares, compared to its average volume of 719,873. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. The company has a market cap of C$1.47 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 1.26 and a beta of 1.23. Centerra Gold has a 1-year low of C$7.72 and a 1-year high of C$10.59. The company has a 50-day simple moving average of C$9.21 and a two-hundred day simple moving average of C$8.81.

Insider Buying and Selling

In other news, Director Paul Botond Stilicho Tomory sold 8,563 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total value of C$70,901.64. Also, Senior Officer Claudia D'orazio sold 3,831 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total value of C$31,720.68. 0.21% of the stock is currently owned by insiders.

Centerra Gold Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Centerra Gold (TSE:CG)

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