Centerra Gold Inc. (TSE:CG) Receives Consensus Rating of “Hold” from Analysts
Centerra Gold Inc. (TSE:CG) has been given an average recommendation of “Hold” by the eight analysts that are covering the stock. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$9.43.
Several equities analysts have commented on the stock. TD Securities dropped their price target on shares of Centerra Gold from C$9.00 to C$8.50 and set a “hold” rating for the company in a research note on Friday, July 29th. Scotiabank raised shares of Centerra Gold from an “underperform” rating to an “outperform” rating and lifted their price objective for the stock from C$6.00 to C$11.00 in a research report on Thursday, July 21st. Canaccord Genuity lifted their price objective on shares of Centerra Gold from C$7.50 to C$8.50 in a research report on Tuesday, July 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Centerra Gold in a research report on Wednesday, July 6th. Finally, CIBC reaffirmed a “sector perform” rating and set a C$10.00 price objective on shares of Centerra Gold in a research report on Wednesday, July 6th.
Centerra Gold (TSE:CG) traded down 0.60% during trading on Wednesday, hitting $6.68. The company had a trading volume of 1,658,094 shares. Centerra Gold has a 52-week low of $5.64 and a 52-week high of $8.67. The firm’s 50 day moving average is $7.14 and its 200-day moving average is $7.10. The stock’s market capitalization is $1.62 billion.
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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