Centerra Gold Inc. (CG) Price Target Cut to C$8.25
Centerra Gold Inc. (TSE:CG) had its target price decreased by analysts at National Bank Financial from C$8.50 to C$8.25 in a report released on Thursday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 16.53% from the stock’s previous close.
A number of other equities analysts also recently issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a C$8.00 price target on shares of Centerra Gold in a research report on Monday, July 10th. TD Securities reaffirmed a “hold” rating and set a C$7.50 price target on shares of Centerra Gold in a research report on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Centerra Gold in a research report on Tuesday, May 2nd. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$8.00 price target on shares of Centerra Gold in a research report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$8.17.
Centerra Gold (CG) traded down 0.56% during trading on Thursday, hitting $7.04. 191,777 shares of the stock were exchanged. The stock has a market cap of $2.05 billion and a price-to-earnings ratio of 9.23. Centerra Gold has a 1-year low of $5.56 and a 1-year high of $8.32. The firm’s 50 day moving average price is $6.82 and its 200-day moving average price is $7.12.
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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