Centerra Gold (TSE:CG – Get Free Report) had its target price raised by equities researchers at National Bankshares from C$10.50 to C$11.00 in a research note issued on Friday, BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 29.72% from the company’s current price.
Several other research analysts also recently issued reports on the company. Desjardins cut their price objective on Centerra Gold from C$12.00 to C$11.75 and set a “buy” rating for the company in a research report on Tuesday, January 9th. Canaccord Genuity Group cut their price target on Centerra Gold from C$11.75 to C$10.75 and set a “buy” rating for the company in a report on Thursday, March 21st. CIBC increased their price objective on Centerra Gold from C$9.50 to C$11.00 in a research note on Monday. Raymond James upped their target price on shares of Centerra Gold from C$11.00 to C$12.00 in a report on Friday, January 12th. Finally, Cormark cut their price objective on Centerra Gold from C$11.50 to C$11.00 in a report on Monday, February 26th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Centerra Gold has an average rating of “Buy” and a consensus target price of C$10.50.
Check Out Our Latest Report on Centerra Gold
Centerra Gold Stock Up 1.6 %
Centerra Gold (TSE:CG – Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$0.38 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.01). Centerra Gold had a negative net margin of 7.42% and a negative return on equity of 4.66%. The business had revenue of C$462.92 million during the quarter. On average, analysts predict that Centerra Gold will post 0.4058317 earnings per share for the current year.
Insiders Place Their Bets
In related news, Senior Officer Darren Millman sold 110,274 shares of the stock in a transaction dated 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 company 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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