Centerra Gold (OTCMKTS:CAGDF) was upgraded by investment analysts at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating in a note issued to investors on Wednesday, June 26th, The Fly reports.
Other equities analysts also recently issued research reports about the company. CIBC reiterated a “hold” rating and set a $12.00 price target on shares of Pretium Resources in a research report on Monday, April 8th. Credit Suisse Group initiated coverage on New Gold in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $1.00 target price on the stock. Finally, Raymond James restated a “buy” rating and issued a $21.00 target price on shares of Colfax in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy”.
Shares of OTCMKTS CAGDF traded up $0.25 during mid-day trading on Wednesday, reaching $8.15. 29,053 shares of the company were exchanged, compared to its average volume of 40,142. The business has a 50-day simple moving average of $6.72. Centerra Gold has a 1 year low of $3.51 and a 1 year high of $8.16.
Centerra Gold Inc, a gold mining and exploration company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.
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