Centerra Gold (TSE:CG – Get Free Report) had its target price boosted by analysts at TD from C$31.00 to C$32.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s target price points to a potential upside of 27.14% from the company’s current price.
A number of other research firms also recently commented on CG. Desjardins raised their target price on shares of Centerra Gold from C$30.00 to C$33.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. Canadian Imperial Bank of Commerce increased their price objective on shares of Centerra Gold from C$37.00 to C$38.00 in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$28.17.
View Our Latest Stock Report on Centerra Gold
Centerra Gold Stock Up 5.1%
Centerra Gold (TSE:CG – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C$0.55 earnings per share (EPS) for the quarter. The business had revenue of C$629.00 million for the quarter. Centerra Gold had a return on equity of 32.55% and a net margin of 41.28%.
Insider Activity
In other news, Director Paul Nicholas Wright purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of C$22.31 per share, with a total value of C$111,550.00. Following the completion of the transaction, the director owned 130,000 shares in the company, valued at C$2,900,300. This represents a 4.00% increase in their position. Also, Director Eric Dell sold 1,220 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of C$22.92, for a total transaction of C$27,962.40. Over the last three months, insiders have sold 10,252 shares of company stock valued at $235,442. Insiders own 0.21% of the company’s stock.
About Centerra Gold
Centerra Gold Inc is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada.
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