Bank of America Raises Centerra Gold (TSE:CG) Price Target to C$8.50

Centerra Gold (TSE:CG - Get Free Report) had its target price raised by Bank of America from C$7.55 to C$8.50 in a report issued on Tuesday, BayStreet.CA reports. Bank of America's price target indicates a potential upside of 3.03% from the company's current price.

CG has been the subject of several other reports. CIBC decreased their target price on Centerra Gold from C$11.00 to C$9.50 and set an "outperform" rating for the company in a research report on Wednesday, February 7th. National Bank Financial reiterated an "outperform spec overweight" rating on shares of Centerra Gold in a research report on Wednesday, January 3rd. BMO Capital Markets set a C$10.00 target price on Centerra Gold and gave the stock an "outperform" rating in a research report on Wednesday, February 21st. Cormark decreased their target price on Centerra Gold from C$11.50 to C$11.00 in a research report on Monday, February 26th. Finally, Raymond James lifted their price objective on Centerra Gold from C$11.00 to C$12.00 in a report on Friday, January 12th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of C$10.23.

Centerra Gold Price Performance

Shares of CG stock traded up C$0.05 on Tuesday, reaching C$8.25. The company's stock had a trading volume of 980,619 shares, compared to its average volume of 479,985. The stock's fifty day simple moving average is C$7.40 and its 200-day simple moving average is C$7.40. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$10.28. The company has a current ratio of 3.25, a quick ratio of 3.24 and a debt-to-equity ratio of 1.45. The company has a market capitalization of C$1.78 billion, a price-to-earnings ratio of -15.87, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16.

Centerra Gold (TSE:CG - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.39 by C($0.01). The company had revenue of C$462.92 million during the quarter. Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%. Analysts forecast that Centerra Gold will post 0.6367925 earnings per share for the current fiscal year.

Insider Buying and Selling at Centerra Gold

In other Centerra Gold news, Senior Officer Darren Millman sold 110,274 shares of Centerra Gold stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$6.96, for a total value of C$766,955.67. 0.38% of the stock is owned by 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.