Director of Centerra Gold Inc. Makes Significant Stock Purchase

On February 28th, Paul Nicholas Wright, a director at Centerra Gold Inc. (TSE:CG - Get Free Report), acquired 35,000 shares of the company's stock. The purchase was conducted at an average price of C$8.11 per share, culminating in a total investment of C$283,752.00.

Stock Performance Overview

During trading on Friday, shares of Centerra Gold experienced a slight decline, dropping by C$0.03 to reach C$8.17. A total of 913,255 shares exchanged hands, surpassing the average daily volume of 671,775 shares. Looking at a one-year range, Centerra Gold's stock price has seen a low of C$6.79 and a high of C$10.59. The company's market capitalization stands at C$1.23 billion, with a price-to-earnings (P/E) ratio of 11.84 and a price-to-earnings-growth (PEG) ratio of 1.26. Additionally, the stock boasts a beta of 1.23. For moving averages, the company currently holds a fifty-day average of C$8.72 and a two-hundred-day average of C$9.03, while financial ratios indicate a quick ratio of 3.24, a current ratio of 3.60, and a debt-to-equity ratio of 1.26.

Analyst Ratings and Market Sentiment

Recent reports from several financial analysts have provided varied insights into the stock performance of Centerra Gold. Raymond James reduced its price target from C$13.00 to C$12.50 on November 4th. Similarly, CIBC decreased its target from C$12.50 to C$9.80 on December 2nd. Cormark downgraded the stock from a "moderate buy" to a "hold" rating in a report released on Wednesday. Another significant downgrade came from the Royal Bank of Canada, which changed its price objective from C$12.00 to C$11.00 on January 7th. Lastly, Desjardins lowered the stock from a "buy" to a "hold" rating, adjusting its price target from C$12.75 to C$11.00 on February 13th. Currently, there are four analysts with a hold rating and three recommending a buy, leading to an average rating of "Hold" and a consensus price target of C$11.40, according to MarketBeat.com.

About Centerra Gold Inc.

Centerra Gold Inc. is a prominent gold mining company that specializes in the acquisition, exploration, development, and operation of gold and copper resources across North America, Turkey, and other international locations. The company is known for its flagship projects, including the Mount Milligan gold-copper mine in British Columbia, Canada, and the Öksüt gold mine located in Turkey.

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