Shares of Centerra Gold Inc. (TSE:CG) have received an average rating of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$8.31.
Several brokerages have recently issued reports on CG. CIBC decreased their target price on shares of Centerra Gold from C$9.00 to C$7.50 in a research report on Thursday, August 2nd. National Bank Financial lowered shares of Centerra Gold from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$9.00 to C$8.50 in a research report on Friday, July 6th. Canaccord Genuity reduced their price objective on shares of Centerra Gold from C$8.00 to C$6.75 in a research report on Tuesday, July 24th. Finally, Raymond James reduced their price objective on shares of Centerra Gold from C$9.50 to C$9.00 in a research report on Thursday, August 2nd.
Shares of TSE CG opened at C$5.39 on Friday. Centerra Gold has a 12-month low of C$4.89 and a 12-month high of C$9.35.
Centerra Gold Company Profile
Centerra Gold Inc, a gold mining and exploration company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its principal projects include Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.
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