Centerra Gold Inc. (CG) Receives C$9.13 Average PT from Brokerages

Centerra Gold Inc. (TSE:CG) has been given a consensus recommendation of “Buy” by the eight brokerages that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$9.13.

Several brokerages have recently commented on CG. National Bank Financial raised their price target on Centerra Gold from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 27th. Canaccord Genuity cut their price target on Centerra Gold from C$8.50 to C$7.00 in a research note on Friday, January 19th. BMO Capital Markets upgraded Centerra Gold from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$9.50 to C$10.00 in a research note on Monday, January 15th. Royal Bank of Canada cut their target price on Centerra Gold from C$10.00 to C$8.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 9th. Finally, TD Securities cut their target price on Centerra Gold from C$9.50 to C$8.00 and set a “hold” rating on the stock in a research note on Thursday, December 28th.

Shares of Centerra Gold (TSE:CG) traded down C$0.05 during trading on Wednesday, hitting C$6.52. The stock had a trading volume of 455,929 shares, compared to its average volume of 608,435. The stock has a market capitalization of $1,900.00, a price-to-earnings ratio of 7.09 and a beta of -0.83. Centerra Gold has a 1 year low of C$5.90 and a 1 year high of C$9.35.

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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.

Analyst Recommendations for Centerra Gold (TSE:CG)

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