Friday, February 19, 2016

Centerra Gold Inc. (TSE:CG) Given Consensus Rating of “Hold” by Analysts

Centerra Gold Inc. (TSE:CG) has received a consensus rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$7.57.

Several brokerages have recently commented on CG. Scotiabank lowered their price objective on Centerra Gold from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 10th. RBC Capital restated a “sector perform” rating and issued a C$8.00 price objective on shares of Centerra Gold in a research report on Wednesday, January 13th. TD Securities lowered their price objective on Centerra Gold from C$7.50 to C$6.00 and set a “reduce” rating on the stock in a research report on Monday, November 2nd. Finally, BMO Capital Markets boosted their price objective on Centerra Gold from C$7.00 to C$8.25 and gave the company a “market perform” rating in a research report on Monday, November 2nd.

In other Centerra Gold news, Director Ian Atkinson sold 18,711 shares of the company’s stock in a transaction that occurred on Friday, December 11th. The stock was sold at an average price of C$8.00, for a total transaction of C$149,725.42. Also, insider Jeffrey Scott Parr sold 164,212 shares of the company’s stock in a transaction that occurred on Friday, December 11th. The shares were sold at an average price of C$8.01, for a total value of C$1,315,912.86.

Centerra Gold (TSE:CG) traded up 11.74% during trading on Thursday, reaching $7.14. The company had a trading volume of 795,395 shares. Centerra Gold has a one year low of $5.05 and a one year high of $8.67. The company has a market capitalization of $1.69 billion and a PE ratio of 51.74. The firm’s 50 day moving average is $6.75 and its 200 day moving average is $7.12.

Centerra Gold Inc is a Canada-based gold mining and exploration company. The Company is engaged in the production of gold and related activities including exploration, development, mining and processing in the Kyrgyz Republic, Mongolia, Turkey and Canada. The Company’s operations are segmented on a regional basis.

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