Centerra Gold (TSE:CG) Trading Down 7.4% – Here’s What Happened

Centerra Gold Inc. (TSE:CG)’s share price was down 7.4% during trading on Friday . The stock traded as low as C$9.01 and last traded at C$9.11. Approximately 80,805 shares were traded during trading, a decline of 89% from the average daily volume of 727,475 shares. The stock had previously closed at C$9.84.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CG shares. Canaccord Genuity Group upped their price objective on Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd. Raymond James dropped their price target on shares of Centerra Gold from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. CIBC downgraded shares of Centerra Gold from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from C$11.00 to C$13.00 in a research report on Wednesday, July 10th. Finally, Cibc World Mkts cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$11.83.

Centerra Gold Trading Down 5.9 %

The company has a fifty day moving average of C$9.69 and a 200-day moving average of C$9.32. The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29. The company has a market capitalization of C$1.97 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 1.26 and a beta of 1.23.

Centerra Gold (TSE:CG) last issued its earnings results on Thursday, August 1st. The company reported C$0.31 EPS for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.09. The business had revenue of C$386.27 million during the quarter. Centerra Gold had a net margin of 10.69% and a return on equity of 7.98%.

Insider Transactions at Centerra Gold

In other Centerra Gold news, Senior Officer Yousef Rehman sold 71,419 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total value of C$716,332.57. In other Centerra Gold news, Senior Officer Yousef Rehman sold 71,419 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total value of C$716,332.57. Also, Senior Officer Claudia D’orazio sold 29,388 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total transaction of C$299,757.60. Insiders own 0.21% of the company’s stock.

About Centerra Gold

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.