Centerra Gold insider acquires 6,800 shares of stock

16.04.2018

Centerra Gold (TSE:CG) insider Scott Graeme Perry acquired 6,800 shares of Centerra Gold stock in a transaction that occurred on Tuesday, March 20th. The shares were purchased at an average cost of C$7.14 per share, with a total value of C$48,552.00.

TSE CG traded up C$0.33 on Friday, reaching C$7.63. The company had a trading volume of 877,459 shares, compared to its average volume of 693,726. Centerra Gold has a 1-year low of C$5.90 and a 1-year high of C$9.35.

Centerra Gold (TSE:CG) last announced its earnings results on Friday, February 23rd. The company reported C$0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of C$454.69 million during the quarter.

A number of research firms have recently commented on CG. National Bank Financial upgraded Centerra Gold from a “sec perform spec market wgt” rating to an “outperform spec market weight” rating in a research note on Monday. Canaccord Genuity decreased their price objective on Centerra Gold from C$8.50 to C$7.00 in a report on Friday, January 19th. BMO Capital Markets set a C$9.50 price objective on Centerra Gold and gave the company a “market perform” rating in a report on Friday, December 29th. CIBC boosted their target price on Centerra Gold from C$9.00 to C$11.00 in a report on Thursday, December 14th. Finally, TD Securities dropped their price objective on shares of Centerra Gold from C$9.50 to C$8.00 and set a “hold” rating for the company in a research report on Thursday, December 28th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Centerra Gold currently has a consensus rating of “Buy” and an average price target of C$9.00.

Investment analysts at National Bank Financial issued their Q1 2018 EPS estimates for shares of Centerra Gold in a research note issued on Monday, April 9th. National Bank Financial analyst M. Parkin expects that the company will earn $0.01 per share for the quarter. National Bank Financial currently has a “Outperform Spec Market Weight” rating on the stock.

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.

Several other equities analysts have also recently weighed in on the company. Canaccord Genuity cut their price objective on Centerra Gold from C$8.50 to C$7.00 in a report on Friday, January 19th. BMO Capital Markets upgraded Centerra Gold from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$9.50 to C$10.00 in a report on Monday, January 15th. Royal Bank of Canada cut their price objective on Centerra Gold from C$10.00 to C$8.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 9th. TD Securities cut their price objective on Centerra Gold from C$9.50 to C$8.00 and set a “hold” rating on the stock in a report on Thursday, December 28th. Finally, CIBC lifted their price objective on Centerra Gold from C$9.00 to C$11.00 in a report on Thursday, December 14th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$9.00.

TSE:CG opened at C$7.30 on Wednesday. Centerra Gold has a fifty-two week low of C$5.90 and a fifty-two week high of C$9.35.

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

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

By Anthony Sawyer for the Week Herald, Dante Gardener for The Lincolnian.