National Bankshares Raises Centerra Gold (TSE:CG) Price Target to C$11.00

Centerra Gold (TSE:CG) had its target price upped by stock analysts at National Bankshares from C$10.50 to C$11.00 in a report issued on Friday, BayStreet.CA reports. National Bankshares’ price target suggests a potential upside of 29.72% from the company’s previous close.

A number of other equities analysts have also commented on CG. Bank of America increased their price target on shares of Centerra Gold from C$7.55 to C$8.50 in a report on Tuesday, April 9th. CIBC raised their target price on Centerra Gold from C$9.50 to C$11.00 in a research note on Monday. Raymond James lifted their price objective on Centerra Gold from C$11.00 to C$12.00 in a research report on Friday, January 12th. Cormark decreased their price objective on shares of Centerra Gold from C$11.50 to C$11.00 in a report on Monday, February 26th. Finally, Canaccord Genuity Group lowered their price objective on Centerra Gold from C$11.75 to C$10.75 and set a “buy” rating for the company in a research report on Thursday, March 21st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$10.50.

Centerra Gold Stock Performance

Shares of TSE:CG traded up C$0.13 during midday trading on Friday, reaching C$8.48. The company had a trading volume of 344,513 shares, compared to its average volume of 511,538. Centerra Gold has a 52-week low of C$6.07 and a 52-week high of C$10.00. The company’s 50 day moving average price is C$7.57 and its 200 day moving average price is C$7.47. 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 stock has a market cap of C$1.83 billion, a P/E ratio of -16.31, a P/E/G ratio of 1.26 and a beta of 1.16.

Centerra Gold (TSE:CG) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.38 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.01). Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%. The company had revenue of C$462.92 million during the quarter. As a group, sell-side analysts anticipate that Centerra Gold will post 0.4058317 EPS for the current fiscal year.

Insider Activity

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