Centerra Gold (CGAU) Gets a Buy from RBC Capital

In a report released on June 29, Michael Siperco from RBC Capital maintained a Buy rating on Centerra Gold (CGAUResearch Report), with a price target of C$11.00. The company’s shares closed yesterday at $6.00.

Siperco covers the Basic Materials sector, focusing on stocks such as Coeur Mining, Hecla Mining Company, and Pan American Silver. According to TipRanks, Siperco has an average return of -5.7% and a 33.85% success rate on recommended stocks.

Currently, the analyst consensus on Centerra Gold is a Strong Buy with an average price target of $8.81.

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The company has a one-year high of $7.63 and a one-year low of $3.66. Currently, Centerra Gold has an average volume of 237.6K.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CGAU in relation to earlier this year.

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Centerra Gold, Inc. engages in the operation, development, exploration and acquisition of gold and copper properties. It operates through the following segments: Kyrgyz Republic, Turkey, North America, and Corporate and Other. The Kyrgyz Republic segment includes the operations of the kumtor gold project. The Turkey segment represents the development of the Öksüt project. The North America segment consists of Mount Milligan mine for gold copper; and molybdenum that focuses on the operation of angeloth processing facility, and care and maintenance activities of the Endako and Thompson Creek Mines. The Corporate and Other segment comprises of the head office located in Toronto, the corporate office located in Denver, Colorado, the greenstone gold property, the kemess project, and other international exploration projects. The company was on November 7, 2002 and is headquartered in Toronto, Canada.

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