Centerra Gold Inc. (CG) Upgraded by Royal Bank Of Canada to “Sector Perform”
Centerra Gold Inc. (TSE:CG) was upgraded by analysts at Royal Bank Of Canada from an “underperform” rating to a “sector perform” rating in a report released on Friday. The brokerage currently has a C$10.00 price objective on the stock, up from their prior price objective of C$8.00. Royal Bank Of Canada’s target price indicates a potential upside of 10.38% from the stock’s previous close.
A number of other research analysts have also issued reports on CG. BMO Capital Markets reiterated a “market perform” rating and issued a C$8.00 price objective on shares of Centerra Gold in a report on Monday, July 10th. National Bank Financial reiterated an “outperform spec market weight” rating on shares of Centerra Gold in a report on Sunday, July 23rd. CIBC raised their price objective on shares of Centerra Gold from C$8.50 to C$9.50 in a report on Thursday, September 7th. TD Securities raised their price objective on shares of Centerra Gold from C$7.50 to C$8.50 and gave the company a “hold” rating in a report on Thursday, September 7th. Finally, Scotiabank dropped their price objective on shares of Centerra Gold from C$11.00 to C$8.00 and set an “outperform” rating for the company in a report on Monday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$8.50.
Shares of Centerra Gold (TSE CG) traded down 1.43% during trading on Friday, hitting $8.93. 635,371 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $7.36 and its 200-day moving average price is $7.26. Centerra Gold has a 1-year low of $5.56 and a 1-year high of $9.29. The stock has a market cap of $2.60 billion and a PE ratio of 11.70.
In other Centerra Gold news, insider Dennis Kwong sold 12,924 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of C$9.07, for a total transaction of C$117,220.68. Also, insider Stephen A. Lang sold 25,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of C$8.98, for a total transaction of C$224,500.00. Insiders have sold a total of 67,024 shares of company stock valued at $606,531 in the last three months.
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.
Receive News & Ratings for Centerra Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centerra Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.