Centerra Gold (CG) Shares Up 2.8%
Centerra Gold Inc. (TSE:CG) shot up 2.8% during mid-day trading on Thursday . The company traded as high as C$6.50 and last traded at C$6.34. 385,569 shares changed hands during trading, a decline of 46% from the average session volume of 718,242 shares. The stock had previously closed at C$6.17.
A number of brokerages have issued reports on CG. Scotiabank decreased their target price on shares of Centerra Gold from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. CIBC lifted their target price on shares of Centerra Gold from C$9.00 to C$11.00 in a research note on Thursday, December 14th. BMO Capital Markets raised shares of Centerra Gold from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$9.50 to C$10.00 in a research note on Monday, January 15th. Royal Bank of Canada decreased their target price on shares of Centerra Gold from C$10.00 to C$8.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 9th. Finally, National Bank Financial lifted their target price on shares of Centerra Gold from C$7.75 to C$8.25 and gave the company a “sector perform” rating in a research note on Friday, January 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Centerra Gold has an average rating of “Buy” and a consensus price target of C$9.03.
The firm has a market cap of $1,810.00, a P/E ratio of 10.00 and a beta of -0.83.
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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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