Centerra Gold (OTCMKTS:CAGDF) Downgraded to Hold at TD Securities

Centerra Gold (OTCMKTS:CAGDF) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a report released on Tuesday, The Fly reports.

CAGDF has been the topic of several other reports. Canaccord Genuity reiterated a “buy” rating on shares of Centerra Gold in a research report on Thursday, April 16th. CIBC raised Centerra Gold from a “neutral” rating to an “outperform” rating in a report on Monday, June 8th. Royal Bank of Canada reissued a “hold” rating and set a $11.00 price target on shares of Centerra Gold in a report on Thursday, April 16th. Finally, Raymond James raised Centerra Gold to a “buy” rating and set a $16.00 price target on the stock in a report on Monday, May 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Centerra Gold currently has a consensus rating of “Buy” and a consensus price target of $12.95.

OTCMKTS CAGDF traded up $0.05 on Tuesday, hitting $11.20. 3,780 shares of the company traded hands, compared to its average volume of 49,285. The business’s 50 day moving average price is $9.95 and its 200-day moving average price is $7.94. Centerra Gold has a 52-week low of $4.00 and a 52-week high of $11.30.

Centerra Gold Company Profile

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 flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.

Further Reading: The limitations of an equal weight rating

The Fly

Analyst Recommendations for Centerra Gold (OTCMKTS:CAGDF)

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