Centerra Gold Inc. (CG) Given New C$8.00 Price Target at Scotiabank
Centerra Gold Inc. (TSE:CG) had its target price lowered by stock analysts at Scotiabank from C$11.00 to C$8.00 in a note issued to investors on Monday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential downside of 11.80% from the company’s current price.
A number of other analysts have also recently weighed in on the stock. TD Securities boosted their target price on shares of Centerra Gold from C$7.50 to C$8.50 and gave the stock a “hold” rating in a research note on Thursday, September 7th. CIBC boosted their target price on shares of Centerra Gold from C$8.50 to C$9.50 in a research note on Thursday, September 7th. National Bank Financial decreased their target price on shares of Centerra Gold from C$8.50 to C$8.25 and set an “outperform” rating on the stock in a research note on Thursday, August 17th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$8.00 target price on shares of Centerra Gold in a research note on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of C$8.22.
Shares of Centerra Gold (CG) traded up 0.44% on Monday, reaching $9.11. The company’s stock had a trading volume of 283,129 shares. The company has a market cap of $2.65 billion and a PE ratio of 11.94. The firm has a 50 day moving average of $7.08 and a 200 day moving average of $7.20. Centerra Gold has a 52-week low of $5.56 and a 52-week high of $9.16.
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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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