Raymond James Has Lowered Expectations for Centerra Gold (TSE:CG) Stock Price

Centerra Gold (TSE:CG) had its target price decreased by research analysts at Raymond James from C$13.00 to C$12.50 in a research note issued on Monday, BayStreet.CA reports. Raymond James’ price target suggests a potential upside of 41.24% from the company’s previous close.

Other research analysts have also issued research reports about the company. Cibc World Mkts lowered Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. CIBC lowered Centerra Gold from an “outperform” rating to a “neutral” rating and raised their price target 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 objective on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. Finally, Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$11.77.

Centerra Gold Price Performance

CG stock traded down C$0.25 on Monday, reaching C$8.85. The company had a trading volume of 496,322 shares, compared to its average volume of 736,099. The company has a market cap of C$1.88 billion, a P/E ratio of 10.52, a PEG ratio of 1.26 and a beta of 1.23. The company’s fifty day moving average is C$9.68 and its 200 day moving average is C$9.32. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$10.59. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79.

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

Insider Transactions at Centerra Gold

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