Centerra Gold (TSE:CG – Get Free Report) had its price objective lowered by research analysts at CIBC from C$13.00 to C$12.50 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 44.51% from the stock’s current price.
Several other equities research analysts have also commented on the stock. Raymond James decreased their price objective on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday. Canaccord Genuity Group raised their price target on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Finally, Cibc World Mkts lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Centerra Gold presently has a consensus rating of “Moderate Buy” and an average price target of C$11.71.
Get Our Latest Stock Analysis on Centerra Gold
Centerra Gold Trading Down 1.7 %
Insider Activity at Centerra Gold
In other Centerra Gold news, Senior Officer Claudia D’orazio sold 29,388 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total value of C$299,757.60. In other Centerra Gold news, Senior Officer Yousef Rehman sold 71,419 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total value of C$716,332.57. Also, Senior Officer Claudia D’orazio sold 29,388 shares of the firm’s stock in a transaction 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. 0.21% of the stock is owned by company insiders.
Centerra Gold Company Profile
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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