Centerra Gold Inc. (CG) Price Target Increased to C$8.50 by Analysts at TD Securities
Centerra Gold Inc. (TSE:CG) had its price objective raised by TD Securities from C$7.50 to C$8.50 in a research report issued to clients and investors on Thursday. The firm presently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential upside of 3.41% from the stock’s previous close.
Several other research analysts also recently commented on CG. BMO Capital Markets reiterated a “market perform” rating and issued a C$8.00 target price on shares of Centerra Gold in a report on Monday, July 10th. National Bank Financial restated an “outperform spec market weight” rating on shares of Centerra Gold in a report on Sunday, July 23rd. Finally, CIBC boosted their price objective on shares of Centerra Gold from C$8.50 to C$9.50 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$8.22.
Centerra Gold (CG) traded up 3.89% during trading on Thursday, reaching $8.54. 731,596 shares of the company’s stock were exchanged. Centerra Gold has a 1-year low of $5.56 and a 1-year high of $8.56. The company’s 50-day moving average is $6.96 and its 200-day moving average is $7.16. The company has a market capitalization of $2.49 billion and a PE ratio of 11.19.
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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