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 to clients and investors on Thursday, Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. CIBC cut Centerra Gold from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from C$11.00 to C$13.00 in a report on Wednesday, July 10th. Cibc World Mkts cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Raymond James dropped their price objective 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. Finally, Canaccord Genuity Group lifted their target price on Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$11.83.

Centerra Gold Price Performance

Shares of Centerra Gold stock opened at C$9.10 on Thursday. The stock has a market cap of C$1.94 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. 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 stock has a 50 day moving average price of C$9.68 and a 200-day moving average price of C$9.31. Centerra Gold has a one year low of C$6.07 and a one year high of C$10.59.

Centerra Gold (TSE:CG) last announced its earnings results on Thursday, August 1st. The company reported C$0.31 EPS for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.09. Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%. The firm had revenue of C$386.27 million during the quarter.

Insider Transactions at Centerra Gold

In other news, Senior Officer Claudia D’orazio sold 29,388 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$10.20, for a total value of C$299,757.60. In related news, Senior Officer Claudia D’orazio sold 29,388 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$10.20, for a total transaction of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of the business’s stock in a transaction 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. Corporate 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.