Centerra Gold (CG) Stock Price Down 4.1%

Shares of Centerra Gold Inc. (TSE:CG) traded down 4.1% on Tuesday . The stock traded as low as C$6.32 and last traded at C$6.33. 348,476 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 728,011 shares. The stock had previously closed at C$6.60.

Several analysts have recently weighed in on the stock. National Bank Financial lifted their target price on shares of Centerra Gold from C$7.75 to C$8.25 and gave the company a “sector perform” rating in a report on Friday, January 26th. Canaccord Genuity lowered their target price on shares of Centerra Gold from C$8.50 to C$7.00 in a report on Friday, January 19th. Scotiabank lowered their target price on shares of 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. CIBC raised their price objective on shares of Centerra Gold from C$9.00 to C$11.00 in a research note on Thursday, December 14th. Finally, BMO Capital Markets set a C$9.50 price objective on shares of Centerra Gold and gave the company a “market perform” rating in a research note on Friday, December 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Centerra Gold currently has an average rating of “Buy” and an average target price of C$9.03.

The firm has a market cap of $1,920.00, a P/E ratio of 10.48 and a beta of -0.83.

In related news, insider Dennis Kwong acquired 5,600 shares of Centerra Gold stock in a transaction that occurred on Friday, November 24th. The stock was purchased 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.

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