Centerra Gold (CG) Stock Price Down 4.1%

Centerra Gold Inc. (TSE:CG) traded down 4.1% on Tuesday . The stock traded as low as C$6.32 and last traded at C$6.33. 348,476 shares changed hands during trading, a decline of 52% from the average session volume of 728,011 shares. The stock had previously closed at C$6.60.

A number of research firms have commented on CG. National Bank Financial downgraded shares of Centerra Gold from an “outperform spec market weight” rating to a “sector perform market weight” rating in a research report on Tuesday, October 17th. Scotiabank cut their target price on shares of Centerra Gold from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$10.50 target price on shares of Centerra Gold in a research report on Thursday, November 2nd. CIBC cut their target price on shares of Centerra Gold from C$11.00 to C$9.50 in a research report on Wednesday, November 1st. Finally, TD Securities cut their target price on shares of Centerra Gold from C$9.50 to C$8.00 and set a “hold” rating for the company in a research report on Thursday, December 28th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$9.03.

The stock has a market cap of $1,920.00, a P/E ratio of 10.48 and a beta of -0.83.

In other Centerra Gold news, insider Dennis Kwong purchased 5,600 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were acquired at an average price of C$7.50 per share, for a total transaction of C$42,000.00.

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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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