Centerra Gold Inc. (CG) Given Consensus Recommendation of “Hold” by Brokerages
Centerra Gold Inc. (TSE:CG) has been given a consensus rating of “Buy” by the nine ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$8.78.
CG has been the topic of several analyst reports. BMO Capital Markets boosted their price target on shares of Centerra Gold from C$10.00 to C$10.50 in a report on Monday, October 2nd. Canaccord Genuity cut their price target on shares of Centerra Gold from C$10.00 to C$7.00 in a report on Friday, September 29th. CIBC boosted their price target on shares of Centerra Gold from C$8.50 to C$9.50 in a report on Thursday, September 7th. TD Securities cut their price target on shares of Centerra Gold from C$10.00 to C$8.50 and set a “hold” rating on the stock in a report on Wednesday, September 13th. Finally, Scotiabank cut their price target on shares of Centerra Gold from C$11.00 to C$8.00 and set an “outperform” rating on the stock in a report on Monday, September 11th.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/02/centerra-gold-inc-cg-given-consensus-recommendation-of-hold-by-brokerages.html.
In related news, insider Dennis Kwong sold 12,924 shares of the company’s 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 John William Pearson sold 16,772 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of C$8.98, for a total transaction of C$150,612.56. Insiders have sold a total of 90,536 shares of company stock worth $818,089 over the last 90 days.
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.