Centerra Gold (CG) PT Lowered to C$8.00
Centerra Gold (TSE:CG) had its target price decreased by Royal Bank of Canada from C$10.00 to C$8.00 in a research note issued on Tuesday. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 34.91% from the stock’s current price.
Several other research firms have also weighed in on CG. TD Securities reduced their target price on shares of Centerra Gold from C$10.00 to C$8.50 and set a “hold” rating on the stock in a report on Wednesday, September 13th. National Bank Financial lowered shares of Centerra Gold from an “outperform spec market weight” rating to a “sector perform market weight” rating in a report on Tuesday, October 17th. Scotiabank reduced their target price on shares of Centerra Gold from C$11.00 to C$8.00 and set an “outperform” rating on the stock in a report on Monday, September 11th. BMO Capital Markets restated a “market perform” rating and set a C$10.00 target price on shares of Centerra Gold in a report on Monday, September 18th. Finally, Canaccord Genuity reduced their target price on shares of Centerra Gold from C$10.00 to C$7.00 in a report on Friday, September 29th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Centerra Gold presently has a consensus rating of “Hold” and a consensus target price of C$8.67.
Centerra Gold (TSE:CG) opened at C$5.93 on Tuesday. The firm has a market cap of $1,730.00, a price-to-earnings ratio of 9.56 and a beta of -0.85. Centerra Gold has a 1-year low of C$5.90 and a 1-year high of C$9.35.
In other news, insider Dennis Kwong purchased 5,600 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average price of C$7.50 per share, with a total value of C$42,000.00.
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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