Centerra Gold Inc. (TSE:CG) Earns “Market Perform” Rating from BMO Capital Markets

Centerra Gold Inc. (TSE:CG)‘s stock had its “market perform” rating reissued by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Monday, September 18th, StockTargetPrices.com reports. They presently have a C$10.00 price objective on the stock. BMO Capital Markets’ price target suggests a potential upside of 11.11% from the stock’s previous close.

Several other research firms have also recently commented on CG. TD Securities raised their target price on Centerra Gold from C$7.50 to C$8.50 and gave the stock a “hold” rating in a research note on Thursday, September 7th. Scotiabank decreased their target price on Centerra Gold from C$11.00 to C$8.00 and set an “outperform” rating for the company in a research note on Monday, September 11th. Royal Bank Of Canada raised Centerra Gold from an “underperform” rating to a “sector perform” rating and raised their target price for the stock from C$8.00 to C$10.00 in a research note on Friday, September 15th. CIBC raised their target price on Centerra Gold from C$8.50 to C$9.50 in a research note on Thursday, September 7th. Finally, National Bank Financial decreased their target price on Centerra Gold from C$8.50 to C$8.25 and set an “outperform” rating for the company in a research note on Thursday, August 17th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of C$8.72.

Centerra Gold (TSE:CG) traded up 0.99% during trading on Monday, reaching $9.19. The company had a trading volume of 592,230 shares. The stock has a market capitalization of $2.68 billion and a P/E ratio of 12.04. Centerra Gold has a 12-month low of $5.56 and a 12-month high of $9.35. The stock has a 50 day moving average of $7.56 and a 200-day moving average of $7.32.

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In other news, Director Gordon Dunlop Reid sold 28,300 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of C$9.10, for a total value of C$257,530.00. Also, insider Stephen A. Lang sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of C$9.10, for a total value of C$32,760.00. Insiders sold 89,020 shares of company stock valued at $804,370 in the last three months.

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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Analyst Recommendations for Centerra Gold (TSE:CG)

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