Raymond James Reaffirms Their Buy Rating on Centerra Gold (CGAU)

Raymond James analyst Brian MacArthur maintained a Buy rating on Centerra Gold (CGAU – Research Report) today and set a price target of C$12.50. The company’s shares closed today at $6.34.

MacArthur covers the Basic Materials sector, focusing on stocks such as MAG Silver, Coeur Mining, and Franco-Nevada. According to TipRanks, MacArthur has an average return of 9.9% and a 55.92% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Centerra Gold with a $7.95 average price target, implying a 25.39% upside from current levels. In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a C$11.00 price target.

CGAU market cap is currently $1.3B and has a P/E ratio of -16.36.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is neutral on the stock.

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Centerra Gold (CGAU) Company Description:

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.