Centerra Gold (TSE:CG) Price Target Increased to C$11.00 by Analysts at CIBC

Centerra Gold (TSE:CG - Get Free Report) had its target price upped by equities researchers at CIBC from C$9.50 to C$11.00 in a note issued to investors on Monday, BayStreet.CA reports. CIBC's price objective would suggest a potential upside of 33.01% from the company's current price.

A number of other research analysts have also issued reports on the company. Cormark lowered their target price on Centerra Gold from C$11.50 to C$11.00 in a report on Monday, February 26th. National Bank Financial reaffirmed an "outperform overweight" rating on shares of Centerra Gold in a report on Monday, April 8th. BMO Capital Markets set a C$10.00 target price on Centerra Gold and gave the company an "outperform" rating in a research note on Wednesday, February 21st. Canaccord Genuity Group lowered their target price on Centerra Gold from C$11.75 to C$10.75 and set a "buy" rating on the stock in a research note on Thursday, March 21st. Finally, Bank of America lifted their target price on Centerra Gold from C$7.55 to C$8.50 in a research note on Tuesday, April 9th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$10.36.

Centerra Gold Price Performance

Shares of TSE CG remained flat at C$8.27 during midday trading on Monday. 963,009 shares of the company were exchanged, compared to its average volume of 501,604. The stock's 50 day moving average is C$7.49 and its 200-day moving average is C$7.44. The firm has a market capitalization of C$1.78 billion, a P/E ratio of -15.90, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$10.09. The company has a current ratio of 3.25, a quick ratio of 3.24 and a debt-to-equity ratio of 1.45.

Centerra Gold (TSE:CG - Get Free Report) last released its 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 firm had revenue of C$462.92 million for the quarter. Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%. As a group, analysts expect that Centerra Gold will post 0.4058317 EPS for the current year.

Insiders Place Their Bets

In other Centerra Gold news, Senior Officer Darren Millman sold 110,274 shares of Centerra Gold stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$6.96, for a total value of C$766,955.67. Company insiders own 0.38% of the company's stock.

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.