Insider Selling: Centerra Gold Inc. (CG) Insider Sells C$117,220.68 in Stock

Centerra Gold Inc. (TSE:CG) insider Dennis Kwong sold 12,924 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of C$9.07, for a total value of C$117,220.68.

Centerra Gold Inc. (TSE CG) opened at 8.91 on Friday. The firm’s 50-day moving average price is $7.43 and its 200 day moving average price is $7.27. The firm has a market cap of $2.60 billion and a P/E ratio of 11.68. Centerra Gold Inc. has a 52 week low of $5.56 and a 52 week high of $9.29.

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CG has been the subject of several research analyst reports. BMO Capital Markets reissued a “market perform” rating and set a C$8.00 target price on shares of Centerra Gold in a research note on Monday, July 10th. National Bank Financial reissued an “outperform spec market weight” rating on shares of Centerra Gold in a research note on Sunday, July 23rd. CIBC boosted their target price on Centerra Gold from C$8.50 to C$9.50 in a research note on Thursday, September 7th. TD Securities boosted their target price on Centerra Gold from C$7.50 to C$8.50 and gave the stock a “hold” rating in a research note on Thursday, September 7th. Finally, Scotiabank lowered their target price on Centerra Gold from C$11.00 to C$8.00 and set an “outperform” rating for the company in a research note on Monday, September 11th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Centerra Gold presently has a consensus rating of “Hold” and an average price target of C$8.50.

Centerra Gold Company Profile

Centerra Gold Inc is a Canada-based gold mining company focused on operating, developing, exploring and acquiring gold properties in Asia, North America and other markets across the world. The Company’s exploration segment includes the operations of Lagares Project in which the activities are related to its subsidiary, Centerra Gold (KB) Inc Its Kyrgyz segment includes Kumtor Gold Co (KGC) (Kyrgyz Republic), which operates Kumtor Mine.

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