01:00:16 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Centerra Gold Inc
Symbol CG
Shares Issued 218,807,695
Close 2023-05-19 C$ 7.08
Market Cap C$ 1,549,158,481
Recent Sedar Documents

Globe says Centerra Gold maintained at "outperform"

2023-05-19 07:11 ET - In the News

The Globe and Mail reports in its Friday, May 19, edition that National Bank Financial analyst Michael Parkin continues to rate Centerra Gold "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Parkin cut his share target back by 50 cents to $12.50. Analysts on average target the shares at $10.17. Mr. Parkin says in a note: "Centerra closed down 18.1 per cent on Monday after reporting 1Q23 results, which we feel was overdone given several one-time items impacted earnings, some of which should reverse over the course of this year. We continue to believe that the ministry approval for the restart of the Oksut mine will be a positive catalyst for Centerra's share price as it supports the potential return strong FCF." The Globe reported on Feb. 9, 2021, that CIBC World Markets analyst Anita Soni downgraded Centerra Gold to "neutral" from "outperformer" based on valuation. It was then worth $13.74. The Globe reported on April 12, 2023, Ms. Soni had upgraded her recommendation from "neutral" to "outperformer." The shares could then be had for $10.01.

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