Centerra Gold (CG) Upgraded at Canaccord Genuity
Canaccord Genuity upgraded shares of Centerra Gold (TSE:CG) from a hold rating to a buy rating in a research report released on Thursday. Canaccord Genuity currently has C$6.50 price objective on the stock, down from their previous price objective of C$6.75.
Several other research firms have also issued reports on CG. National Bank Financial lowered shares of Centerra Gold from an outperform rating to a sector perform rating and lowered their target price for the stock from C$9.00 to C$8.50 in a report on Friday, July 6th. Raymond James lowered their target price on shares of Centerra Gold from C$9.50 to C$9.00 in a report on Thursday, August 2nd. Finally, CIBC lowered their target price on shares of Centerra Gold from C$9.00 to C$7.50 in a report on Thursday, August 2nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of C$8.28.
CG stock traded up C$0.11 during trading on Thursday, hitting C$5.34. 163,010 shares of the company’s stock traded hands, compared to its average volume of 691,590. Centerra Gold has a 52 week low of C$4.89 and a 52 week high of C$9.24.
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.
Further Reading: Buyback For Investors Defined
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