Centerra Gold PT Raised to C$9.00 (CG)
Investment analysts at TD Securities lifted their target price on shares of Centerra Gold (TSE:CG) from C$6.50 to C$9.00 in a note issued to investors on Tuesday, American Banking News reports. The firm currently has a “speculative buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 39.10% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG downgraded shares of Centerra Gold (TSE:CG) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, September 5th. They now have a C$6.00 price target on the stock, up previously from C$5.00. Separately, analysts at Scotiabank cut their price target on shares of Centerra Gold (TSE:CG) from C$6.50 to C$5.00 in a research note to investors on Monday, July 8th.
One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Centerra Gold presently has a consensus rating of “Buy” and an average target price of C$8.80.
Shares of Centerra Gold (TSE:CG) traded down 5.72% during mid-day trading on Tuesday, hitting $6.10. The stock had a trading volume of 925,329 shares. Centerra Gold has a 52 week low of $2.99 and a 52 week high of $13.28. The stock has a 50-day moving average of $5.64 and a 200-day moving average of $4.95. The company’s market cap is $1.442 billion.
Centerra Gold Inc (TSE:CG) is a gold mining company.
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