Centerra Gold Inc. (CG) PT Lowered to C$10.00
Centerra Gold Inc. (TSE:CG) had its target price dropped by equities research analysts at Scotiabank from C$11.00 to C$10.00 in a note issued to investors on Thursday. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 26.74% from the stock’s previous close.
A number of other brokerages have also weighed in on CG. CIBC reduced their price target on Centerra Gold from C$11.00 to C$9.50 in a research note on Wednesday. BMO Capital Markets reissued a “market perform” rating and set a C$10.50 price target on shares of Centerra Gold in a research note on Thursday. TD Securities increased their price target on Centerra Gold from C$7.50 to C$8.50 and gave the stock a “hold” rating in a research note on Thursday, September 7th. National Bank Financial increased their price target on Centerra Gold from C$9.00 to C$10.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Royal Bank Of Canada raised Centerra Gold from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from C$8.00 to C$10.00 in a research note on Friday, September 15th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Centerra Gold has a consensus rating of “Hold” and an average target price of C$9.14.
Shares of Centerra Gold (TSE:CG) traded down C$0.01 during trading on Thursday, hitting C$7.89. The company’s stock had a trading volume of 305,415 shares, compared to its average volume of 479,993. Centerra Gold has a one year low of C$5.56 and a one year high of C$9.35.
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In other news, Director Gordon Dunlop Reid sold 28,300 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of C$9.10, for a total transaction of C$257,530.00. Also, insider John William Pearson sold 16,772 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of C$8.98, for a total value of C$150,612.56. Over the last 90 days, insiders have sold 90,536 shares of company stock valued at $818,089.
About Centerra Gold
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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