Centerra Gold Inc. (CG) PT Lowered to C$8.00 at Scotiabank
Centerra Gold Inc. (TSE:CG) had its price objective reduced by Scotiabank from C$11.00 to C$8.00 in a research report sent to investors on Monday morning. They currently have an outperform rating on the stock.
Other analysts have also recently issued reports about the stock. CIBC increased their target price on shares of Centerra Gold from C$8.50 to C$9.50 in a report on Thursday, September 7th. TD Securities increased their target price on shares of Centerra Gold from C$7.50 to C$8.50 and gave the stock a hold rating in a report on Thursday, September 7th. BMO Capital Markets reissued a market perform rating and set a C$8.00 target price on shares of Centerra Gold in a report on Monday, July 10th. Finally, National Bank Financial dropped their target price on shares of Centerra Gold from C$8.50 to C$8.25 and set an outperform rating on the stock in a report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of C$8.22.
Shares of Centerra Gold (TSE:CG) opened at 8.99 on Monday. The stock has a market cap of $2.62 billion and a P/E ratio of 11.78. Centerra Gold has a one year low of $5.56 and a one year high of $9.29. The stock has a 50 day moving average of $7.29 and a 200 day moving average of $7.24.
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In related news, insider Stephen A. Lang sold 25,000 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of C$8.98, for a total value of C$224,500.00.
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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