Centerra Gold (TSE:CG – Get Free Report) had its price objective reduced by Raymond James from C$13.00 to C$12.50 in a report released on Monday, BayStreet.CA reports. Raymond James’ price target suggests a potential upside of 42.05% from the company’s previous close.
CG has been the subject of several other reports. Cibc World Mkts cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. CIBC cut Centerra Gold from an “outperform” rating to a “neutral” rating and upped their price objective for the company from C$11.00 to C$13.00 in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group raised their target price on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$11.71.
View Our Latest Stock Report on CG
Centerra Gold Price Performance
Insider Activity
In related news, Senior Officer Claudia D’orazio sold 29,388 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total transaction of C$299,757.60. In other news, Senior Officer Yousef Rehman sold 71,419 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total transaction of C$716,332.57. Also, Senior Officer Claudia D’orazio sold 29,388 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total transaction of C$299,757.60. Insiders own 0.21% of the company’s stock.
About Centerra Gold
Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.
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