Centerra Gold (CG) Reaches New 12-Month Low at $6.00

Centerra Gold Inc. (TSE:CG) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$6.00 and last traded at C$6.08, with a volume of 430316 shares changing hands. The stock had previously closed at C$6.19.

Several research firms recently issued reports on CG. Canaccord Genuity dropped their price target on Centerra Gold from C$10.00 to C$7.00 in a research report on Friday, September 29th. Scotiabank dropped 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. CIBC increased their target price on Centerra Gold from C$9.00 to C$11.00 in a research report on Thursday, December 14th. TD Securities dropped their target price on Centerra Gold from C$10.00 to C$8.50 and set a “hold” rating on the stock in a research report on Wednesday, September 13th. Finally, Royal Bank of Canada raised Centerra Gold from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from C$8.00 to C$10.00 in a research report on Friday, September 15th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$8.89.

The company has a market cap of $1,770.00, a PE ratio of 9.81 and a beta of -0.85.

In other Centerra Gold news, insider Dennis Kwong purchased 5,600 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was bought at an average price of C$7.50 per share, with a total value of C$42,000.00.

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Centerra Gold Company Profile

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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