Centerra Gold (CG) Hits New 52-Week Low at $7.05

Shares of Centerra Gold Inc. (TSE:CG) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$7.05 and last traded at C$7.06, with a volume of 283325 shares changing hands. The stock had previously closed at C$7.15.

A number of equities analysts have recently weighed in on CG shares. National Bank Financial dropped their price target on shares of Centerra Gold from C$10.75 to C$10.50 and set an “outperform” rating on the stock in a research note on Wednesday, May 2nd. TD Securities upped their price target on shares of Centerra Gold from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday, May 18th. Scotiabank upped their price target on shares of Centerra Gold from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 22nd. Raymond James reaffirmed a “market perform” rating and issued a C$9.50 price target on shares of Centerra Gold in a research note on Wednesday, May 16th. Finally, Canaccord Genuity upped their price target on shares of Centerra Gold from C$7.00 to C$8.00 in a research note on Monday, April 23rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$9.38.

In other Centerra Gold news, insider Scott Graeme Perry bought 6,800 shares of the stock in a transaction on Tuesday, March 20th. The shares were purchased at an average cost of C$7.14 per share, with a total value of C$48,552.00.

About Centerra Gold

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 principal projects include Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.

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