Centerra Gold Inc. (CG) Given Consensus Rating of “Buy” by Brokerages
Centerra Gold Inc. (TSE:CG) has been assigned a consensus recommendation of “Buy” from the eight research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$9.03.
Several brokerages have recently issued reports on CG. Scotiabank dropped their target price on shares of Centerra Gold from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. CIBC lifted their target price on shares of Centerra Gold from C$9.00 to C$11.00 in a research report on Thursday, December 14th. BMO Capital Markets raised shares of Centerra Gold from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$9.50 to C$10.00 in a research note on Monday, January 15th. Royal Bank of Canada decreased their price target on shares of Centerra Gold from C$10.00 to C$8.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 9th. Finally, National Bank Financial raised their price target on shares of Centerra Gold from C$7.75 to C$8.25 and gave the stock a “sector perform” rating in a research note on Friday, January 26th.
In other Centerra Gold news, insider Dennis Kwong purchased 5,600 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were purchased at an average cost of C$7.50 per share, with a total value of C$42,000.00.
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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.
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