Centerra Gold Inc. (CG) Upgraded by Royal Bank Of Canada to Sector Perform
Centerra Gold Inc. (TSE:CG) was upgraded by analysts at Royal Bank Of Canada from an “underperform” rating to a “sector perform” rating in a research note issued to investors on Friday. The firm currently has a C$10.00 price objective on the stock, up from their previous price objective of C$8.00. Royal Bank Of Canada’s price target indicates a potential upside of 10.38% from the company’s previous close.
Several other analysts have also commented on CG. National Bank Financial dropped their price target on shares of Centerra Gold from C$8.50 to C$8.25 and set an “outperform” rating on the stock in a research report on Thursday, August 17th. TD Securities dropped their price target on shares of Centerra Gold from C$10.00 to C$8.50 and set a “hold” rating on the stock in a research report on Wednesday. CIBC raised their price target on shares of Centerra Gold from C$8.50 to C$9.50 in a research report on Thursday, September 7th. Scotiabank decreased their price objective on shares of Centerra Gold from C$11.00 to C$8.00 and set an “outperform” rating on the stock in a report on Monday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$8.00 price objective on shares of Centerra Gold in a report on Monday, July 10th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of C$8.50.
Centerra Gold (TSE:CG) traded down 0.77% on Friday, hitting $8.99. 493,322 shares of the company were exchanged. Centerra Gold has a 52 week low of $5.56 and a 52 week high of $9.29. The company has a market capitalization of $2.62 billion and a P/E ratio of 11.78. The firm’s 50 day moving average is $7.36 and its 200 day moving average is $7.26.
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In other news, Director Gordon Dunlop Reid sold 28,300 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of C$9.10, for a total value of C$257,530.00. Also, insider Dennis Kwong sold 12,924 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of C$9.07, for a total transaction of C$117,220.68. Over the last three months, insiders sold 67,024 shares of company stock worth $606,531.
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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