Centerra Gold Inc. (CG) Receives Average Recommendation of “Hold” from Brokerages
Centerra Gold Inc. (TSE:CG) has received a consensus rating of “Buy” from the nine research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$8.72.
A number of equities research analysts have weighed in on CG shares. National Bank Financial downgraded Centerra Gold from an “outperform spec market weight” rating to a “sector perform market weight” rating in a research report on Tuesday, October 17th. BMO Capital Markets restated a “market perform” rating and set a C$10.00 price target on shares of Centerra Gold in a research report on Monday, September 18th. Canaccord Genuity lowered their price target on Centerra Gold from C$10.00 to C$7.00 in a research report on Friday, September 29th. Scotiabank lowered their price target on Centerra Gold from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Finally, CIBC lowered their price target on Centerra Gold from C$11.00 to C$9.50 in a research report on Wednesday, November 1st.
Shares of Centerra Gold (TSE CG) opened at C$6.49 on Tuesday. Centerra Gold has a 12-month low of C$5.90 and a 12-month high of C$9.35. The stock has a market capitalization of $1,890.00, a price-to-earnings ratio of 10.47 and a beta of -0.85.
In related news, insider Dennis Kwong acquired 5,600 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were purchased at an average price of C$7.50 per share, for a total transaction of C$42,000.00.
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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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