CIBC Raises Centerra Gold (CG) Price Target to C$11.00
Centerra Gold (TSE:CG) had its price objective raised by analysts at CIBC from C$9.00 to C$11.00 in a report released on Thursday. CIBC’s price objective indicates a potential upside of 54.93% from the company’s current price.
A number of other equities research analysts have also weighed in on CG. BMO Capital Markets raised their price objective on Centerra Gold from C$10.00 to C$10.50 in a research note on Monday, October 2nd. National Bank Financial reduced their target price on 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. TD Securities increased their target price on Centerra Gold from C$7.50 to C$8.50 and gave the stock a “hold” rating in a report on Thursday, September 7th. Canaccord Genuity reduced their target price on Centerra Gold from C$10.00 to C$7.00 in a report on Friday, September 29th. Finally, Scotiabank reduced their target price on Centerra Gold from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Centerra Gold has an average rating of “Hold” and a consensus target price of C$9.31.
Shares of Centerra Gold (TSE:CG) traded down C$0.03 during midday trading on Thursday, reaching C$7.10. The company’s stock had a trading volume of 452,770 shares, compared to its average volume of 983,429. Centerra Gold has a 12-month low of C$5.56 and a 12-month high of C$9.35.
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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