Centerra Gold Inc. (CG) Price Target Raised to C$10.50

Centerra Gold Inc. (TSE:CG) had its price target increased by BMO Capital Markets from C$10.00 to C$10.50 in a research note published on Monday.

A number of other analysts have also issued reports on the company. Royal Bank Of Canada raised Centerra Gold from an underperform rating to a sector perform rating and boosted their target price for the company from C$8.00 to C$10.00 in a research report on Friday, September 15th. CIBC boosted their target price on Centerra Gold from C$8.50 to C$9.50 in a research report on Thursday, September 7th. TD Securities cut their target price on Centerra Gold from C$10.00 to C$8.50 and set a hold rating on the stock in a research report on Wednesday, September 13th. Scotiabank cut their target price on Centerra Gold from C$11.00 to C$8.00 and set an outperform rating on the stock in a research report on Monday, September 11th. Finally, National Bank Financial reissued an outperform spec market weight rating on shares of Centerra Gold in a research report on Sunday, July 23rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of C$8.72.

Centerra Gold (TSE:CG) opened at 8.99 on Monday. The company has a market cap of $2.62 billion and a PE ratio of 11.78. Centerra Gold has a 52 week low of $5.56 and a 52 week high of $9.35. The company has a 50-day moving average price of $8.19 and a 200 day moving average price of $7.50.

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In other Centerra Gold news, insider Stephen A. Lang sold 25,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of C$8.98, for a total value of C$224,500.00. Also, insider John William Pearson sold 16,772 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of C$8.98, for a total transaction of C$150,612.56. In the last 90 days, insiders sold 90,536 shares of company stock valued at $818,089.

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.

Analyst Recommendations for Centerra Gold (TSE:CG)

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