Centerra Gold (CG) Trading Down 4.1%

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

A number of research analysts recently commented on CG shares. Canaccord Genuity dropped their target price on shares of Centerra Gold from C$8.50 to C$7.00 in a research report on Friday, January 19th. CIBC increased their target price on shares of Centerra Gold from C$9.00 to C$11.00 in a research report on Thursday, December 14th. TD Securities dropped their target price on shares of Centerra Gold from C$9.50 to C$8.00 and set a “hold” rating on the stock in a research report on Thursday, December 28th. BMO Capital Markets set a C$9.50 target price on shares of Centerra Gold and gave the company a “market perform” rating in a research report on Friday, December 29th. Finally, Scotiabank dropped 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 research report on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Centerra Gold currently has a consensus rating of “Buy” and a consensus price target of C$9.03.

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

In other Centerra Gold news, insider Dennis Kwong acquired 5,600 shares of the stock in a transaction on Friday, November 24th. The shares were bought at an average cost of C$7.50 per share, with a total value 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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