Centerra Gold (CG) Reaches New 52-Week Low at $7.26

Centerra Gold (TSE:CG) shares hit a new 52-week low on Thursday . The stock traded as low as C$7.26 and last traded at C$7.32, with a volume of 124333 shares traded. The stock had previously closed at C$7.28.

Several research analysts have recently weighed in on CG shares. Canaccord Genuity lifted their price target on shares of Centerra Gold from C$7.00 to C$8.00 in a research note on Monday, April 23rd. National Bank Financial lifted their target price on shares of Centerra Gold from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 27th. TD Securities lifted their target price on shares of Centerra Gold from C$7.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday. Finally, Raymond James restated a “market perform” rating and set a C$9.50 target price on shares of Centerra Gold in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Centerra Gold has a consensus rating of “Buy” and an average target price of C$9.38.

Centerra Gold (TSE:CG) last released its earnings results on Friday, February 23rd. The company reported C$0.46 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.33 by C$0.13. Centerra Gold had a net margin of 36.28% and a return on equity of 26.55%. The company had revenue of C$454.69 million for the quarter.

In other news, insider Scott Graeme Perry bought 6,800 shares of the stock in a transaction that occurred on Tuesday, March 20th. The shares were bought at an average price of C$7.14 per share, for a total transaction of C$48,552.00.

Centerra Gold Company Profile

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 principal projects include Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.

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