Will Centerra Gold Inc. Short Squeeze Soon?

 Will Centerra Gold Inc. Short Squeeze Soon?

The stock of Centerra Gold Inc. (TSE:CG) is a huge mover today! About 270,794 shares traded hands. Centerra Gold Inc. (TSE:CG) has risen 18.08% since March 31, 2016 and is uptrending. It has outperformed by 16.99% the S&P500.
The move comes after 8 months negative chart setup for the $1.98 billion company. It was reported on Nov, 4 by Barchart.com. We have $6.64 PT which if reached, will make TSE:CG worth $99.00M less.

Centerra Gold Inc. (TSE:CG) Ratings Coverage

Out of 8 analysts covering Centerra Gold Inc. (TSE:CG), 2 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 25% are positive. $10 is the highest target while $6 is the lowest. The $8.30 average target is 18.74% above today’s ($6.99) stock price. Centerra Gold Inc. has been the topic of 22 analyst reports since July 29, 2015 according to StockzIntelligence Inc. TheStreet downgraded Centerra Gold Inc. (TSE:CG) on Wednesday, August 19 to “Sell” rating. The stock has “Underperform” rating given by RBC Capital Markets on Wednesday, December 23. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, June 7. The firm earned “Market Perform” rating on Tuesday, June 7 by Cormark Securities. The firm has “Sector Perform” rating given on Wednesday, January 13 by RBC Capital Markets. The stock of Centerra Gold Inc. (TSE:CG) has “Sector Perform” rating given on Monday, August 24 by RBC Capital Markets. As per Wednesday, July 6, the company rating was maintained by IBC. The rating was maintained by RBC Capital Markets on Wednesday, July 6 with “Sector Perform”. RBC Capital Markets upgraded the shares of CG in a report on Thursday, January 7 to “Sector Perform” rating.

More important recent Centerra Gold Inc. (TSE:CG) news were published by: Bloomberg.com which released: “Centerra to Buy Debt-Choked Thompson Creek in $1.1 Billion Deal” on July 05, 2016, also Seekingalpha.com published article titled: “A New Gold Major Is Born”, Prnewswire.com published: “Thompson Creek Obtains Shareholder Approval for Arrangement with Centerra Gold …” on October 18, 2016. More interesting news about Centerra Gold Inc. (TSE:CG) was released by: Marketwired.com and their article: “Centerra Gold Inc. and Thompson Creek Metals Company Inc. Announce Completion …” with publication date: October 20, 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 $1.98 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.

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