Scotiabank Cuts Centerra Gold Inc. (CG) Price Target to C$10.00
CG has been the subject of a number of other reports. CIBC upped their price objective on shares of Centerra Gold from C$8.50 to C$9.50 in a research report on Thursday, September 7th. National Bank Financial cut shares of Centerra Gold from an outperform spec market weight rating to a sector perform market weight rating in a research report on Tuesday, October 17th. TD Securities upped their price objective on shares of Centerra Gold from C$7.50 to C$8.50 and gave the stock a hold rating in a research report on Thursday, September 7th. BMO Capital Markets restated a market perform rating and set a C$10.00 price objective on shares of Centerra Gold in a research report on Monday, September 18th. Finally, Royal Bank Of Canada upgraded shares of Centerra Gold from an underperform rating to a sector perform rating and upped their price objective for the stock from C$8.00 to C$10.00 in a research report on Friday, September 15th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of C$9.14.
Shares of Centerra Gold (TSE CG) opened at C$7.89 on Thursday. Centerra Gold has a twelve month low of C$5.56 and a twelve month high of C$9.35.
In other news, insider Stephen A. Lang sold 25,000 shares of the stock in a transaction dated 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 stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of C$8.98, for a total transaction of C$150,612.56. Insiders sold 90,536 shares of company stock valued at $818,089 over 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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