Centerra Gold (OTCMKTS:CAGDF) PT Raised to $23.00 at CIBC

Centerra Gold (OTCMKTS:CAGDF) had its price objective upped by investment analysts at CIBC from $19.00 to $23.00 in a note issued to investors on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 78.57% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Scotiabank raised their price target on Centerra Gold from $16.00 to $18.50 and gave the company an “outperform” rating in a report on Monday, July 20th. Royal Bank of Canada boosted their target price on Centerra Gold from $13.00 to $16.00 and gave the company a “sector perform” rating in a research report on Thursday, July 9th. They noted that the move was a valuation call. TD Securities boosted their target price on Centerra Gold from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Raymond James reiterated a “buy” rating and issued a $20.00 price target on shares of Centerra Gold in a report on Wednesday, August 5th. Finally, Credit Suisse Group boosted their price target on Centerra Gold from $13.50 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.86.

Shares of Centerra Gold stock traded up $0.07 on Wednesday, reaching $12.88. The company’s stock had a trading volume of 10,279 shares, compared to its average volume of 44,735. Centerra Gold has a 52 week low of $4.00 and a 52 week high of $14.66. The firm’s fifty day simple moving average is $12.74 and its two-hundred day simple moving average is $9.72.

About Centerra Gold

Centerra Gold Inc, a gold mining and exploration company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.

Further Reading: Price to Earnings Ratio (PE) Basics

The Fly

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