Centerra Gold (TSE:CG) Rating Increased to Moderate Buy at Desjardins

Centerra Gold (TSE:CG) was upgraded by research analysts at Desjardins to a “moderate buy” rating in a research report issued on Thursday, Zacks.com reports.

CG has been the topic of a number of other research reports. CIBC downgraded Centerra Gold from an “outperform” rating to a “neutral” rating and upped their target price for the stock from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Canaccord Genuity Group upped their price target on Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. Cibc World Mkts cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, Raymond James reduced their price target on Centerra Gold from C$13.50 to C$13.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$11.83.

Centerra Gold Stock Down 7.5 %

Centerra Gold stock opened at C$9.10 on Thursday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79. The business’s 50-day simple moving average is C$9.68 and its two-hundred day simple moving average is C$9.31. The company has a market cap of C$1.94 billion, a PE ratio of 10.83, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$10.59.

Centerra Gold (TSE:CG) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.31 earnings per share for the quarter, beating the consensus estimate of C$0.22 by C$0.09. The business had revenue of C$386.27 million for the quarter. Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%.

Insider Buying and Selling at Centerra Gold

In other Centerra Gold news, Senior Officer Yousef Rehman sold 71,419 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total transaction of C$716,332.57. In related news, Senior Officer Yousef Rehman sold 71,419 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total value of C$716,332.57. Also, Senior Officer Claudia D’orazio sold 29,388 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total value of C$299,757.60. Insiders own 0.21% of the company’s stock.

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.