The stock of Centerra Gold Inc. (TSE:CG) is a huge mover today! About 224,226 shares traded hands. Centerra Gold Inc. (TSE:CG) has declined 16.23% since March 10, 2016 and is downtrending. It has underperformed by 21.85% the S&P500.
The move comes after 5 months positive chart setup for the $1.45 billion company. It was reported on Oct, 17 by Barchart.com. We have $9.00 PT which if reached, will make TSE:CG worth $652.50M more.
Centerra Gold Inc. (TSE:CG) Ratings Coverage
Out of 7 analysts covering Centerra Gold Inc. (TSE:CG), 1 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 14% are positive. $10 is the highest target while $6 is the lowest. The $8.12 average target is 30.76% above today’s ($6.21) stock price. Centerra Gold Inc. has been the topic of 21 analyst reports since July 29, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, June 7 report. TheStreet downgraded the stock to “Sell” rating in Wednesday, August 19 report. On Wednesday, July 6 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Sector Perform” rating given on Thursday, January 7 by RBC Capital Markets. The company was maintained on Wednesday, January 13 by RBC Capital Markets. As per Wednesday, December 23, the company rating was maintained by RBC Capital Markets. The stock of Centerra Gold Inc. (TSE:CG) has “Market Perform” rating given on Tuesday, June 7 by Cormark Securities. The stock has “Sector Perform” rating given by IBC on Wednesday, July 6. The firm earned “Sector Perform” rating on Monday, August 24 by RBC Capital Markets.
More important recent Centerra Gold Inc. (TSE:CG) news were published by: Reuters.com which released: “Centerra Gold to buy Thompson Creek Metals for $1.1 billion including debt” on July 05, 2016, also Marketwatch.com published article titled: “Calibre Mining and Centerra Gold Commence Diamond Drilling on New Gold Targets …”, Reuters.com published: “BRIEF-Centerra Gold to buy Thompson Creek Metals for $1.1 bln” on July 05, 2016. More interesting news about Centerra Gold Inc. (TSE:CG) was released by: Seekingalpha.com and their article: “Centerra: Kyrgyzstan Gold Play” with publication date: July 07, 2016.
Centerra Gold Inc. is a Canada-based gold mining firm focused on operating, developing, exploring and acquiring gold properties in Asia, North America and other markets across the world. The company has a market cap of $1.45 billion. The Company’s exploration segment includes the activities of Lagares Project in which the activities are related to its subsidiary, Centerra Gold Inc. It currently has negative earnings. The Company’s Kyrgyz segment includes Kumtor Gold Co. (KGC) (Kyrgyz Republic), which operates Kumtor Mine.
CG Company Profile
The Carlyle Group L.P., incorporated on July 18, 2011, is a diversified multi-product global alternative asset management firm. The Firm advises on various investment funds and other investment vehicles that invests across a range of industries, geographies, asset classes and investment strategies, and seeks to deliver returns for its fund investors. The Firm operates in four divisions: Corporate Private Equity (CPE), Global Market Strategies (GMS), Real Assets and Investment Solutions. Across its Corporate Private Equity and Real Assets divisions, it has investments in over 250 active portfolio companies.
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