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

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 report released on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the stock. Raymond James lifted their price target on shares of Centerra Gold from C$12.00 to C$13.50 in a research report on Friday, April 4th. TD Securities dropped their price target on shares of Centerra Gold from C$13.00 to C$12.00 and set a "buy" rating for the company in a research report on Friday, March 7th. National Bankshares lifted their price target on shares of Centerra Gold from C$12.00 to C$12.50 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. CIBC boosted their price objective on shares of Centerra Gold from C$9.80 to C$10.30 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Finally, Desjardins downgraded shares of Centerra Gold from a "buy" rating to a "hold" rating and lowered their price objective for the company from C$12.75 to C$11.00 in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$11.83.

Centerra Gold Stock Up 5.6%

Shares of TSE CG traded up C$0.55 during mid-day trading on Tuesday, hitting C$10.34. The company had a trading volume of 323,677 shares, compared to its average volume of 721,733. Centerra Gold has a one year low of C$7.72 and a one year high of C$10.59. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The company has a market capitalization of C$1.55 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The firm has a 50-day simple moving average of C$9.21 and a two-hundred day simple moving average of C$8.81.

Insider Transactions at Centerra Gold

In other Centerra Gold news, Director Paul Botond Stilicho Tomory sold 8,563 shares of the 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$70,901.64. Also, Senior Officer Claudia D'orazio sold 3,831 shares of the 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 transaction of C$31,720.68. 0.21% of the stock is currently owned by company 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.