Centerra Gold Inc. (TSE:CG) Stock Rating Reaffirmed by BMO Capital Markets
Centerra Gold Inc. (TSE:CG)‘s stock had its “market perform” rating restated by equities research analysts at BMO Capital Markets in a note issued to investors on Monday. They presently have a C$8.00 target price on the stock. BMO Capital Markets’ target price would suggest a potential upside of 15.44% from the company’s current price.
A number of other brokerages have also commented on CG. TD Securities reiterated a “hold” rating and issued a C$7.50 price target on shares of Centerra Gold in a research note on Wednesday, May 3rd. CSFB reduced their price target on shares of Centerra Gold from C$10.25 to C$10.00 and set an “outperform” rating for the company in a research note on Friday, March 24th. Royal Bank of Canada reiterated an “underperform” rating on shares of Centerra Gold in a research note on Thursday, March 23rd. Finally, Scotiabank reiterated a “sector perform” rating and issued a C$8.00 price target on shares of Centerra Gold in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$8.14.
Centerra Gold (CG) traded up 1.01% on Monday, reaching $6.99. 368,613 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $7.53 and its 200 day moving average price is $7.04. Centerra Gold has a 52-week low of $5.56 and a 52-week high of $8.32. The company has a market cap of $2.04 billion and a PE ratio of 9.71.
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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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