Centerra Gold Inc. (CG) Given New C$10.00 Price Target at National Bank Financial

Centerra Gold Inc. (TSE:CG) had its price target lifted by stock analysts at National Bank Financial from C$9.00 to C$10.00 in a research note issued to investors on Thursday, November 2nd. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 31.75% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. TD Securities lowered their price target on shares of Centerra Gold from C$10.00 to C$8.50 and set a “hold” rating on the stock in a report on Wednesday, September 13th. Royal Bank Of Canada upgraded shares of Centerra Gold from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from C$8.00 to C$10.00 in a research report on Friday, September 15th. Scotiabank reduced their price target on shares of Centerra Gold from C$11.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Monday, September 11th. BMO Capital Markets reiterated a “market perform” rating and set a C$10.00 price target on shares of Centerra Gold in a research report on Monday, September 18th. Finally, Canaccord Genuity reduced their price target on shares of Centerra Gold from C$10.00 to C$7.00 in a research report on Friday, September 29th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of C$9.14.

Shares of Centerra Gold (TSE:CG) opened at C$7.59 on Thursday. Centerra Gold has a fifty-two week low of C$5.56 and a fifty-two week high of C$9.35.

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In related news, insider Stephen A. Lang sold 25,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of C$8.98, for a total transaction of C$224,500.00. Also, Director Gordon Dunlop Reid sold 28,300 shares of Centerra Gold stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of C$9.10, for a total transaction of C$257,530.00. Insiders sold 90,536 shares of company stock valued at $818,089 over the last 90 days.

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.

Analyst Recommendations for Centerra Gold (TSE:CG)

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