National Bank Financial Raises Centerra Gold Inc. (CG) Price Target to C$10.00
Centerra Gold Inc. (TSE:CG) had its price target raised by National Bank Financial from C$9.00 to C$10.00 in a research report released on Thursday. They currently have a sector perform rating on the stock.
Several other brokerages have also commented on CG. CIBC cut their price objective on Centerra Gold from C$11.00 to C$9.50 in a report on Wednesday, November 1st. BMO Capital Markets reaffirmed a market perform rating and issued a C$10.00 target price on shares of Centerra Gold in a research note on Monday, September 18th. TD Securities upped their target price on Centerra Gold from C$7.50 to C$8.50 and gave the stock a hold rating in a research note on Thursday, September 7th. Scotiabank cut their target price on Centerra Gold from C$11.00 to C$8.00 and set an outperform rating for the company in a research note on Monday, September 11th. Finally, Royal Bank Of Canada raised Centerra Gold from an underperform rating to a sector perform rating and upped their target price for the stock from C$8.00 to C$10.00 in a research note on Friday, September 15th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of C$9.14.
Centerra Gold (TSE CG) opened at C$7.89 on Thursday. Centerra Gold has a twelve month low of C$5.56 and a twelve month high of C$9.35.
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In related news, insider Stephen A. Lang sold 3,600 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of C$9.10, for a total transaction of C$32,760.00. Also, Director Gordon Dunlop Reid sold 28,300 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$9.10, for a total value of C$257,530.00. Insiders sold 90,536 shares of company stock valued at $818,089 in 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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