Centerra Gold (TSE:CG) Price Target Raised to C$38.00 at Canadian Imperial Bank of Commerce

Centerra Gold (TSE:CG) had its price objective raised by research analysts at Canadian Imperial Bank of Commerce from C$37.00 to C$38.00 in a note issued to investors on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price suggests a potential upside of 50.97% from the company’s previous close.

Separately, Desjardins increased their price objective on shares of Centerra Gold from C$30.00 to C$33.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$28.17.

Centerra Gold Price Performance

TSE CG traded up C$1.22 during trading on Thursday, hitting C$25.17. 413,685 shares of the company’s stock were exchanged, compared to its average volume of 916,446. The company has a market cap of C$5.00 billion, a PE ratio of 8.12, a P/E/G ratio of 1.26 and a beta of 1.83. The company has a current ratio of 2.41, a quick ratio of 3.24 and a debt-to-equity ratio of 2.09. Centerra Gold has a fifty-two week low of C$9.25 and a fifty-two week high of C$28.97. The stock’s 50 day moving average price is C$22.90 and its two-hundred day moving average price is C$24.21.

Centerra Gold (TSE:CG) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C$0.55 earnings per share for the quarter. The company had revenue of C$629.00 million for the quarter. Centerra Gold had a net margin of 41.28% and a return on equity of 32.55%.

Insider Transactions at Centerra Gold

In other news, Director Paul Nicholas Wright purchased 5,000 shares of Centerra Gold stock in a transaction dated Tuesday, May 19th. The shares were bought at an average cost of C$22.31 per share, for a total transaction of C$111,550.00. Following the completion of the acquisition, the director owned 130,000 shares in the company, valued at approximately C$2,900,300. This trade represents a 4.00% increase in their position. Also, Director Eric Dell sold 1,220 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of C$22.92, for a total value of C$27,962.40. Insiders have sold 10,252 shares of company stock worth $235,442 over the last three months. 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.