Centerra Gold (CG) Given New C$7.00 Price Target at Canaccord Genuity

Centerra Gold (TSE:CG) had its price target trimmed by Canaccord Genuity from C$8.50 to C$7.00 in a report issued on Friday morning.

Several other brokerages also recently issued reports on CG. CIBC reduced their price objective on shares of Centerra Gold from C$11.00 to C$9.50 in a research note on Wednesday, November 1st. BMO Capital Markets reissued a market perform rating and set a C$10.50 price objective on shares of Centerra Gold in a research note on Thursday, November 2nd. National Bank Financial upped their price objective on shares of Centerra Gold from C$9.00 to C$10.00 and gave the company a sector perform rating in a research note on Thursday, November 2nd. TD Securities reduced their price objective on shares of 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. Finally, Royal Bank of Canada reduced their price objective on shares of 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of C$8.72.

Shares of Centerra Gold (TSE:CG) traded down C$0.06 during midday trading on Friday, hitting C$6.16. 400,100 shares of the company’s stock traded hands, compared to its average volume of 752,849. Centerra Gold has a 12 month low of C$5.90 and a 12 month high of C$9.35. The stock has a market capitalization of $1,800.00, a P/E ratio of 9.94 and a beta of -0.85.

Centerra Gold (TSE:CG) last announced its quarterly earnings results on Tuesday, October 31st. The company reported C$0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.22 by C$0.01. Centerra Gold had a negative net margin of 0.30% and a negative return on equity of 0.18%.

In related news, insider Dennis Kwong purchased 5,600 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was purchased at an average price of C$7.50 per share, with a total value 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.

Analyst Recommendations for Centerra Gold (TSE:CG)

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