BMO Capital Markets Upgrades Centerra Gold (CG) to “Outperform”

BMO Capital Markets upgraded shares of Centerra Gold (TSE:CG) from a market perform rating to an outperform rating in a report issued on Monday morning. The brokerage currently has C$10.00 price objective on the stock, up from their previous price objective of C$9.50.

CG has been the topic of several other research reports. Royal Bank of Canada cut their price objective on Centerra Gold from C$10.00 to C$8.00 and set a sector perform rating on the stock in a report on Tuesday, January 9th. National Bank Financial downgraded Centerra Gold from an outperform spec market weight rating to a sector perform market weight rating in a report on Tuesday, October 17th. TD Securities cut their price objective on Centerra Gold from C$9.50 to C$8.00 and set a hold rating on the stock in a report on Thursday, December 28th. Scotiabank cut their price objective on Centerra Gold from C$11.00 to C$10.00 and set an outperform rating on the stock in a report on Thursday, November 2nd. Finally, CIBC boosted their price objective on Centerra Gold from C$9.00 to C$11.00 in a report on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of C$8.72.

Centerra Gold (CG) opened at C$6.41 on Monday. Centerra Gold has a 12 month low of C$5.90 and a 12 month high of C$9.35. The company has a market capitalization of $1,890.00, a price-to-earnings ratio of 10.34 and a beta of -0.85.

Centerra Gold (TSE:CG) last posted its quarterly earnings data on Tuesday, October 31st. The company reported C$0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.22 by C$0.01. Centerra Gold had a negative return on equity of 0.18% and a negative net margin of 0.30%.

In related news, insider Dennis Kwong purchased 5,600 shares of the business’s stock in a transaction on Friday, November 24th. The shares were bought at an average price of C$7.50 per share, for a total transaction of C$42,000.00.

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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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