Centerra Gold Inc. (CG) Receives C$8.31 Consensus Price Target from Brokerages
Centerra Gold Inc. (TSE:CG) has received an average rating of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$8.28.
A number of research analysts have recently commented on the company. CIBC lowered their target price on Centerra Gold from C$9.00 to C$7.50 in a research report on Thursday, August 2nd. Raymond James lowered their target price on Centerra Gold from C$9.50 to C$9.00 in a research report on Thursday, August 2nd. Canaccord Genuity lowered their target price on Centerra Gold from C$8.00 to C$6.75 in a research report on Tuesday, July 24th. Finally, National Bank Financial lowered their target price on Centerra Gold from C$8.50 to C$7.25 in a research report on Saturday, July 14th.
CG traded up C$0.09 during trading on Friday, reaching C$5.32. 352,800 shares of the company traded hands, compared to its average volume of 692,530. Centerra Gold has a 12-month low of C$4.89 and a 12-month high of C$9.24.
Centerra Gold Inc, a gold mining and exploration company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its principal projects include Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.
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