Centerra Gold (TSE:CG – Get Free Report) had its price objective hoisted by equities researchers at Canaccord Genuity Group from C$10.75 to C$11.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 27.31% from the company’s current price.
Other equities analysts also recently issued reports about the company. Desjardins lowered their price target on Centerra Gold from C$12.00 to C$11.75 and set a “buy” rating for the company in a report on Tuesday, January 9th. 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 reissued an “outperform overweight” rating on shares of Centerra Gold in a research report on Monday, April 8th. BMO Capital Markets set a C$10.00 target price on shares of Centerra Gold and gave the company an “outperform” rating in a research note on Wednesday, February 21st. Finally, Raymond James lifted their price target on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$10.57.
Get Our Latest Report on Centerra Gold
Centerra Gold Stock Up 4.1 %
Centerra Gold (TSE:CG – Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share for the quarter, missing the consensus estimate of C$0.39 by C($0.01). The company 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%. Research analysts predict that Centerra Gold will post 0.4058317 EPS for the current year.
Insider Buying and Selling
In related news, Senior Officer Darren Millman sold 110,274 shares of the business’s stock in a transaction 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. 0.38% 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.
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