Centerra Gold (TSE:CG) had its target price lowered by Royal Bank of Canada from C$10.00 to C$8.00 in a research report sent to investors on Tuesday, January 9th. The brokerage currently has a sector perform rating on the stock.
Several other brokerages have also recently issued reports on CG. BMO Capital Markets raised their price objective on Centerra Gold from C$10.00 to C$10.50 in a research note on Monday, October 2nd. National Bank Financial lowered Centerra Gold from an outperform spec market weight rating to a sector perform market weight rating in a research report on Tuesday, October 17th. Canaccord Genuity dropped their target price 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 report on Thursday, November 2nd. Finally, TD Securities lowered their price target on 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of C$8.72.
Centerra Gold (TSE:CG) traded down C$0.17 during midday trading on Tuesday, reaching C$6.41. The company’s stock had a trading volume of 436,286 shares, compared to its average volume of 808,155. The stock has a market cap of $1,890.00, a PE ratio of 10.34 and a beta of -0.85. Centerra Gold has a 52-week low of C$5.90 and a 52-week high of C$9.35.
In other news, insider Dennis Kwong bought 5,600 shares of the stock in a transaction that occurred 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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