Centerra Gold (TSE:CG) Rating Increased to Outperform at National Bank Financial

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National Bank Financial upgraded shares of Centerra Gold (TSE:CG) from a sector perform rating to an outperform rating in a research note released on Wednesday morning, BayStreet.CA reports. The brokerage currently has C$13.50 price objective on the stock, up from their prior price objective of C$11.75.

CG has been the topic of several other reports. TD Securities upped their price target on Centerra Gold from C$10.00 to C$13.50 and gave the company a hold rating in a research report on Thursday, August 1st. CIBC upped their price target on Centerra Gold from C$10.50 to C$11.50 in a research report on Monday, July 15th. Canaccord Genuity upped their price target on Centerra Gold from C$10.25 to C$11.50 in a research report on Friday, July 19th. Royal Bank of Canada raised Centerra Gold from an underperform rating to a sector perform rating and upped their price target for the company from C$7.00 to C$9.50 in a research report on Wednesday, June 26th. Finally, CSFB upped their price target on Centerra Gold from C$8.00 to C$10.00 in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Centerra Gold currently has an average rating of Buy and an average price target of C$12.41.

CG stock opened at C$11.89 on Wednesday. The company has a current ratio of 2.78, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56. The firm has a market cap of $3.48 billion and a P/E ratio of 26.07. Centerra Gold has a 12-month low of C$4.76 and a 12-month high of C$12.16. The stock’s 50 day simple moving average is C$10.52 and its 200 day simple moving average is C$8.16.

In other news, Director Gordon Dunlop Reid sold 101,648 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of C$10.98, for a total value of C$1,115,871.41. Following the completion of the transaction, the director now owns 16,200 shares of the company’s stock, valued at C$177,840.36. Also, Senior Officer Dennis Kwong sold 40,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$12.06, for a total value of C$482,400.00. Following the completion of the transaction, the insider now directly owns 36,873 shares of the company’s stock, valued at approximately C$444,688.38. Over the last 90 days, insiders have sold 233,670 shares of company stock valued at $2,604,616.

About Centerra Gold

Centerra Gold Inc, a gold mining and exploration 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; and the Mount Milligan gold-copper mine located in British Columbia, Canada.

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Analyst Recommendations for Centerra Gold (TSE:CG)

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