Scotiabank Cuts Centerra Gold Inc. (CG) Price Target to C$10.00

Centerra Gold Inc. (TSE:CG) had its target price decreased by equities research analysts at Scotiabank from C$11.00 to C$10.00 in a research note issued to investors on Thursday, November 2nd. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 32.45% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Canaccord Genuity decreased their target price on shares of Centerra Gold from C$10.00 to C$7.00 in a research report on Friday, September 29th. National Bank Financial decreased their target price on shares of Centerra Gold from C$8.50 to C$8.25 and set an “outperform” rating for the company in a research report on Thursday, August 17th. CIBC boosted their target price on shares of Centerra Gold from C$8.50 to C$9.50 in a research report on Thursday, September 7th. TD Securities decreased their target price on shares of Centerra Gold from C$10.00 to C$8.50 and set a “hold” rating for the company in a research report on Wednesday, September 13th. Finally, Royal Bank Of Canada raised shares of Centerra Gold from an “underperform” rating to a “sector perform” rating and boosted 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 assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of C$9.14.

Centerra Gold (TSE CG) traded up C$0.04 during mid-day trading on Thursday, reaching C$7.55. 1,143,241 shares of the company traded hands, compared to its average volume of 1,019,655. Centerra Gold has a 1-year low of C$5.56 and a 1-year high of C$9.35.

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In other Centerra Gold news, Director Gordon Dunlop Reid sold 28,300 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of C$9.10, for a total value of C$257,530.00. Also, insider Dennis Kwong sold 12,924 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of C$9.07, for a total transaction of C$117,220.68. Over the last quarter, insiders sold 90,550 shares of company stock worth $818,194.

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.

Analyst Recommendations for Centerra Gold (TSE:CG)

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