Centerra Gold Inc. (CG) Given Average Rating of “Hold” by Brokerages
Centerra Gold Inc. (TSE:CG) has received a consensus rating of “Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$8.31.
A number of research analysts have recently commented on the company. Raymond James lowered their price objective on Centerra Gold from C$9.50 to C$9.00 in a report on Thursday, August 2nd. Canaccord Genuity lowered their price objective on Centerra Gold from C$8.00 to C$6.75 in a report on Tuesday, July 24th. National Bank Financial lowered their price objective on Centerra Gold from C$8.50 to C$7.25 in a report on Saturday, July 14th. Finally, CIBC lowered their price objective on Centerra Gold from C$9.00 to C$7.50 in a report on Thursday, August 2nd.
Shares of CG traded up C$0.10 during midday trading on Tuesday, reaching C$5.50. 378,003 shares of the stock were exchanged, compared to its average volume of 700,350. Centerra Gold has a 12-month low of C$4.99 and a 12-month high of C$9.35.
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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