Centerra Gold Inc. (CG) PT Lowered to C$8.50 at TD Securities
A number of other equities analysts have also weighed in on the stock. BMO Capital Markets reiterated a market perform rating and issued a C$8.00 price target on shares of Centerra Gold in a report on Monday, July 10th. Scotiabank decreased their price target 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, September 11th. National Bank Financial reiterated an outperform spec market weight rating on shares of Centerra Gold in a report on Sunday, July 23rd. Finally, CIBC lifted their price target on shares of Centerra Gold from C$8.50 to C$9.50 in a report on Thursday, September 7th. 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 currently has a consensus rating of Hold and a consensus price target of C$8.50.
Centerra Gold (TSE CG) opened at 8.91 on Wednesday. The firm’s 50-day moving average price is $7.43 and its 200-day moving average price is $7.27. Centerra Gold has a 1-year low of $5.56 and a 1-year high of $9.29. The firm has a market capitalization of $2.60 billion and a PE ratio of 11.68.
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In other Centerra Gold news, Director Gordon Dunlop Reid sold 28,300 shares of the business’s stock in a transaction on 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 business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of C$9.07, for a total transaction of C$117,220.68. Insiders sold a total of 67,024 shares of company stock worth $606,531 in the last quarter.
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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