Centerra Gold (CG) Sets New 52-Week Low at $5.38
Centerra Gold Inc. (TSE:CG)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$5.38 and last traded at C$5.41, with a volume of 487379 shares trading hands. The stock had previously closed at C$5.58.
CG has been the topic of several recent research reports. Raymond James reissued a “market perform” rating and set a C$9.50 price target on shares of Centerra Gold in a research report on Wednesday, May 16th. Scotiabank boosted their price target on Centerra Gold from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 22nd. TD Securities boosted their price target on Centerra Gold from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, May 18th. National Bank Financial lowered Centerra Gold from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$9.00 to C$8.50 in a research report on Friday, July 6th. Finally, Canaccord Genuity reduced their price target on Centerra Gold from C$8.00 to C$6.75 in a research report on Tuesday, July 24th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$8.31.
In other Centerra Gold news, insider Scott Graeme Perry bought 8,100 shares of the business’s stock in a transaction on Thursday, June 14th. The shares were bought at an average cost of C$7.02 per share, with a total value of C$56,862.00.
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.
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