Centerra Gold Inc. Director Acquires C$283,752 in Stock

Centerra Gold Inc. (TSE:CG) has seen a notable transaction as Director Paul Nicholas Wright purchased 35,000 shares of the company's stock. This purchase occurred on Friday, February 28th, with the shares acquired at an average price of C$8.11 each, resulting in a total investment of C$283,752.00.

Centerra Gold's Stock Performance

On the trading day of the transaction, Centerra Gold's shares experienced a small decline, dropping C$0.03 to close at C$8.17. The day's trading volume reached 913,255 shares, compared to the average of 671,775 shares traded. Over the past year, Centerra Gold has seen a low of C$6.79 and a high of C$10.59. Currently, the company's market capitalization stands at C$1.23 billion, and it has a price-to-earnings (P/E) ratio of 11.84 and a price-to-earnings-growth (PEG) ratio of 1.26. The stock's beta is reported at 1.23, indicating volatility in relation to the market. The fifty-day moving average of the stock is C$8.72, while the two-hundred day moving average is C$9.03. The company's quick ratio is 3.24, current ratio is 3.60, and the debt-to-equity ratio is 1.26.

Insights from Wall Street Analysts

Recently, various brokerage firms have analyzed Centerra Gold's stock. For instance, Raymond James adjusted their price target from C$13.00 to C$12.50. CIBC also cut their price objective from C$12.50 to C$9.80. Cormark re-rated the stock from "moderate buy" to "hold," while Royal Bank of Canada lowered their price target from C$12.00 to C$11.00. Additionally, Desjardins changed their rating from "buy" to "hold," and reduced their target from C$12.75 to C$11.00. Currently, the stock has four hold ratings and three buy ratings, resulting in an average analyst rating of "Hold" and a consensus price target of C$11.40 according to MarketBeat.com.

About Centerra Gold

Centerra Gold Inc. is a mining company engaged in the exploration, acquisition, development, and operation of gold and copper properties. Its operations extend across North America, Turkey, and internationally. The company focuses on discovering deposits of gold, copper, and molybdenum. Two of its flagship projects include the Mount Milligan gold-copper mine in British Columbia, Canada, and the Öksüt gold mine located in Turkey.

Centerra, gold, stocks