Centerra Gold Inc. (CG) Given Average Recommendation of “Hold” by Analysts

Centerra Gold Inc. (TSE:CG) has been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$9.14.

A number of research firms recently commented on CG. Canaccord Genuity decreased their price target on Centerra Gold from C$10.00 to C$7.00 in a research note on Friday, September 29th. Scotiabank decreased their price target on Centerra Gold from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. National Bank Financial decreased their price target 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. CIBC lifted their price target on Centerra Gold from C$8.50 to C$9.50 in a research note on Thursday, September 7th. Finally, TD Securities decreased their price target on Centerra Gold from C$10.00 to C$8.50 and set a “hold” rating for the company in a research note on Wednesday, September 13th.

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In other news, Director Gordon Dunlop Reid sold 28,300 shares of Centerra Gold 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 transaction of C$257,530.00. Also, insider Stephen A. Lang sold 25,000 shares of Centerra Gold stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of C$8.98, for a total value of C$224,500.00. Over the last 90 days, insiders sold 90,536 shares of company stock valued at $818,089.

Shares of Centerra Gold (CG) traded down C$0.28 on Thursday, reaching C$7.77. 1,070,000 shares of the company were exchanged, compared to its average volume of 476,775. Centerra Gold has a 1-year low of C$5.56 and a 1-year high of C$9.35.

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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