Centerra Gold (TSE:CG) Price Target Raised to C$16.00

Centerra Gold (TSE:CG – Get Rating) had its price objective increased by stock analysts at National Bankshares from C$14.50 to C$16.00 in a report released on Wednesday, BayStreet.CA reports. National Bankshares’ target price would indicate a potential upside of 23.46% from the stock’s current price.

Several other brokerages have also recently commented on CG. Raymond James raised their price target on shares of Centerra Gold from C$14.00 to C$15.00 and gave the company a “market perform” rating in a research report on Wednesday. Scotiabank lifted their target price on Centerra Gold from C$12.50 to C$14.00 in a report on Tuesday, April 5th. Royal Bank of Canada restated an “outperform” rating and set a C$14.00 price target on shares of Centerra Gold in a report on Tuesday, January 4th. TD Securities increased their price target on Centerra Gold from C$10.50 to C$13.00 and gave the company a “hold” rating in a research report on Monday, February 28th. Finally, CIBC lowered their price objective on Centerra Gold from C$14.00 to C$13.75 in a research report on Friday, March 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$12.65.

CG traded up C$0.12 during mid-day trading on Wednesday, hitting C$12.96. 174,050 shares of the stock were exchanged, compared to its average volume of 654,270. The firm’s fifty day moving average is C$12.24 and its two-hundred day moving average is C$10.63. Centerra Gold has a 1-year low of C$8.21 and a 1-year high of C$13.52. The company has a market cap of C$3.85 billion and a PE ratio of -7.90. The company has a current ratio of 5.59, a quick ratio of 4.51 and a debt-to-equity ratio of 0.99.

Centerra Gold (TSE:CG – Get Rating) last issued its quarterly earnings results on Friday, February 25th. The company reported C$0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.17 by C($0.02). The firm had revenue of C$316.57 million for the quarter. As a group, research analysts anticipate that Centerra Gold will post 1.11 earnings per share for the current year.

Centerra Gold Company Profile (Get Rating)

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; the Mount Milligan gold-copper mine located in British Columbia, Canada; and the Ã-ksüt Gold Mine located in Turkey.

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