Centerra Gold Inc. (CG) Rating Increased to Sector Perform at Royal Bank Of Canada
Centerra Gold Inc. (TSE:CG) was upgraded by stock analysts at Royal Bank Of Canada from an “underperform” rating to a “sector perform” rating in a research report issued to clients and investors on Friday. The brokerage currently has a C$10.00 price target on the stock, up from their prior price target of C$8.00. Royal Bank Of Canada’s price target would suggest a potential upside of 12.23% from the stock’s previous close.
CG has been the subject of a number of other reports. CIBC boosted their price objective on Centerra Gold from C$8.50 to C$9.50 in a research report on Thursday, September 7th. TD Securities boosted their price objective on Centerra Gold from C$7.50 to C$8.50 and gave the company a “hold” rating in a research report on Thursday, September 7th. Scotiabank cut their price objective on Centerra Gold from C$11.00 to C$8.00 and set an “outperform” rating for the company in a research report on Monday, September 11th. National Bank Financial restated an “outperform spec market weight” rating on shares of Centerra Gold in a research report on Sunday, July 23rd. Finally, BMO Capital Markets restated a “market perform” rating and issued a C$8.00 price objective on shares of Centerra Gold in a research report on Monday, July 10th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of C$8.50.
Shares of Centerra Gold (TSE:CG) opened at 8.91 on Friday. Centerra Gold has a one year low of $5.56 and a one year high of $9.29. The firm’s 50-day moving average is $7.43 and its 200-day moving average is $7.27. The stock has a market capitalization of $2.60 billion and a price-to-earnings ratio of 11.68.
In related news, insider Dennis Kwong sold 12,924 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of C$9.07, for a total transaction of C$117,220.68. Also, insider Stephen A. Lang sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of C$8.98, for a total value of C$224,500.00. Insiders have sold 67,024 shares of company stock valued at $606,531 over the last quarter.
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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