ATB Cormark Capital Markets Forecasts Strong Price Appreciation for Centerra Gold (TSE:CG) Stock

Centerra Gold (TSE:CG) had its price target boosted by equities researchers at ATB Cormark Capital Markets from C$26.00 to C$27.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price target would suggest a potential upside of 7.27% from the company’s current price.

A number of other brokerages have also commented on CG. Raymond James Financial boosted their price objective on Centerra Gold from C$28.00 to C$29.00 and gave the stock a “market perform” rating in a report on Thursday. Canadian Imperial Bank of Commerce raised their target price on Centerra Gold from C$37.00 to C$38.00 in a report on Thursday. Desjardins upped their price target on Centerra Gold from C$30.00 to C$33.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Finally, TD upped their price target on Centerra Gold from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centerra Gold presently has a consensus rating of “Moderate Buy” and an average price target of C$28.17.

Centerra Gold Stock Up 5.1%

Shares of Centerra Gold stock traded up C$1.22 during trading hours on Thursday, reaching C$25.17. The company’s stock had a trading volume of 413,685 shares, compared to its average volume of 916,446. The company has a market capitalization of C$5.00 billion, a P/E ratio of 8.12, a P/E/G ratio of 1.26 and a beta of 1.83. The stock’s fifty day simple moving average is C$22.90 and its two-hundred day simple moving average is C$24.21. Centerra Gold has a one year low of C$9.25 and a one year high of C$28.97. The company has a debt-to-equity ratio of 2.09, a quick ratio of 3.24 and a current ratio of 2.41.

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

Insider Buying and Selling

In other Centerra Gold news, Director Paul Nicholas Wright bought 5,000 shares of Centerra Gold stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of C$22.31 per share, with a total value of C$111,550.00. Following the completion of the acquisition, the director directly owned 130,000 shares in the company, valued at approximately C$2,900,300. The trade was a 4.00% increase in their position. Also, Director Eric Dell sold 7,827 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of C$22.97, for a total value of C$179,786.19. Insiders sold a total of 10,252 shares of company stock worth $235,442 in the last 90 days. Company insiders own 0.21% of the company’s stock.

Centerra Gold Company Profile

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.