Centerra Gold (TSE:CG) had its target price lowered by equities researchers at Canaccord Genuity from C$8.50 to C$7.00 in a research note issued on Friday. Canaccord Genuity’s target price would suggest a potential upside of 12.54% from the stock’s current price.
CG has been the subject of several other reports. Scotiabank dropped their target price on shares of Centerra Gold from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Thursday, November 2nd. CIBC raised their target price on shares of Centerra Gold from C$9.00 to C$11.00 in a report on Thursday, December 14th. BMO Capital Markets upgraded shares of Centerra Gold from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$9.50 to C$10.00 in a report on Monday. Royal Bank of Canada dropped their target price on shares of Centerra Gold from C$10.00 to C$8.00 and set a “sector perform” rating for the company in a report on Tuesday, January 9th. Finally, TD Securities dropped their target price on shares of Centerra Gold from C$9.50 to C$8.00 and set a “hold” rating for the company in a report on Thursday, December 28th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Centerra Gold presently has a consensus rating of “Buy” and an average target price of C$8.72.
Shares of Centerra Gold (CG) traded down C$0.19 during midday trading on Friday, hitting C$6.22. 441,968 shares of the company traded hands, compared to its average volume of 779,987. Centerra Gold has a 12-month low of C$5.90 and a 12-month high of C$9.35. The firm has a market capitalization of $1,800.00, a PE ratio of 10.03 and a beta of -0.85.
In other Centerra Gold news, insider Dennis Kwong purchased 5,600 shares of Centerra Gold stock in a transaction on Friday, November 24th. The shares were purchased at an average cost of C$7.50 per share, with a total value of C$42,000.00.
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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