Centerra Gold Inc. (TSE:CG) Director Gordon Dunlop Reid Sells 5,000 Shares of Stock

Centerra Gold Inc. (TSE:CG) Director Gordon Dunlop Reid sold 5,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of C$11.90, for a total value of C$59,500.00. Following the completion of the transaction, the director now owns 21,200 shares in the company, valued at C$252,280.

Gordon Dunlop Reid also recently made the following trade(s):

  • On Wednesday, August 14th, Gordon Dunlop Reid sold 5,300 shares of Centerra Gold stock. The stock was sold at an average price of C$11.88, for a total value of C$62,964.00.
  • On Monday, August 12th, Gordon Dunlop Reid sold 5,000 shares of Centerra Gold stock. The stock was sold at an average price of C$11.90, for a total value of C$59,500.00.
  • On Friday, August 2nd, Gordon Dunlop Reid sold 101,648 shares of Centerra Gold stock. The stock was sold at an average price of C$10.98, for a total value of C$1,115,871.41.

Shares of CG traded down C$0.08 during midday trading on Thursday, hitting C$11.83. The stock had a trading volume of 145,157 shares, compared to its average volume of 653,737. The company has a 50 day simple moving average of C$10.79 and a two-hundred day simple moving average of C$8.27. Centerra Gold Inc. has a twelve month low of C$4.76 and a twelve month high of C$12.16. The firm has a market cap of $3.48 billion and a price-to-earnings ratio of 26.10. The company has a debt-to-equity ratio of 5.56, a current ratio of 2.78 and a quick ratio of 0.68.

Several research firms have weighed in on CG. TD Securities lifted their target price on Centerra Gold from C$10.00 to C$13.50 and gave the stock a “hold” rating in a report on Thursday, August 1st. Raymond James lifted their target price on Centerra Gold from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Canaccord Genuity lifted their target price on Centerra Gold from C$10.25 to C$11.50 in a report on Friday, July 19th. Bank of America upgraded Centerra Gold from a “neutral” rating to a “buy” rating and lifted their target price for the stock from C$11.75 to C$15.75 in a report on Friday, August 16th. Finally, Royal Bank of Canada upgraded Centerra Gold from an “underperform” rating to a “sector perform” rating and lifted their target price for the stock from C$7.00 to C$9.50 in a report on Wednesday, June 26th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$12.41.

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 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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