RBC Capital Markets Has Raised The Rating on Centerra Gold (TSE:CG) To a Sector Perform. The Target Price per Share is Set to $10.00

September 17, 2017 - By Clifton Ray

Investors sentiment increased to 1.25 in Q4 2016. Its up 0.20, from 1.05 in 2016Q3. It increased, as 16 investors sold Centerra Gold Inc. shares while 28 reduced holdings. 18 funds opened positions while 37 raised stakes. 31.78 million shares or 10.10% more from 28.87 million shares in 2016Q3 were reported.

10,973 were reported by Koch. Balyasny Asset Lc stated it has 244,522 shares. Oppenheimer And Co stated it has 148,824 shares or 0.07% of all its holdings. Fmr Ltd Liability Co accumulated 0% or 630,500 shares. Ashford Mngmt Inc invested in 0.05% or 15,600 shares. Ameriprise Incorporated has invested 0% in Centerra Gold Inc. (TSE:CG). Pnc Fincl Ser Grp Inc stated it has 143,456 shares or 0% of all its holdings. Invesco Ltd reported 290,141 shares. Honeywell reported 432,565 shares or 0.22% of all its holdings. 12,200 are held by North Star Investment Management. Iconiq Lc reported 41,675 shares. 400 are held by Thompson Siegel Walmsley Ltd Llc. Barclays Public Ltd Liability holds 0% in Centerra Gold Inc. (TSE:CG) or 21,619 shares. Benjamin F Edwards And Inc holds 0% of its portfolio in Centerra Gold Inc. (TSE:CG) for 90 shares. Whittier Tru Of Nevada has 0% invested in Centerra Gold Inc. (TSE:CG) for 740 shares.

Since May 3, 2017, it had 0 insider buys, and 1 sale for $172,747 activity. Bentley Pamela L sold $172,747 worth of Centerra Gold Inc. (TSE:CG) on Wednesday, May 3.

Centerra Gold (TSE:CG) Stock Upgrade

Centerra Gold (TSE:CG) was upgraded by RBC Capital Markets from a Underperform rating to a more respectable Sector Perform rating in a note sent to clients and investors earlier today. They currently have a $10.00 target price per share on the stock, which would suggest a possible upside of 12.23 % from the last stock close price of the stock.

Investors sentiment increased to 1.25 in Q4 2016. Its up 0.20, from 1.05 in 2016Q3. It increased, as 16 investors sold Centerra Gold Inc. shares while 28 reduced holdings. 18 funds opened positions while 37 raised stakes. 31.78 million shares or 10.10% more from 28.87 million shares in 2016Q3 were reported.

10,973 were reported by Koch. Balyasny Asset Lc stated it has 244,522 shares. Oppenheimer And Co stated it has 148,824 shares or 0.07% of all its holdings. Fmr Ltd Liability Co accumulated 0% or 630,500 shares. Ashford Mngmt Inc invested in 0.05% or 15,600 shares. Ameriprise Incorporated has invested 0% in Centerra Gold Inc. (TSE:CG). Pnc Fincl Ser Grp Inc stated it has 143,456 shares or 0% of all its holdings. Invesco Ltd reported 290,141 shares. Honeywell reported 432,565 shares or 0.22% of all its holdings. 12,200 are held by North Star Investment Management. Iconiq Lc reported 41,675 shares. 400 are held by Thompson Siegel Walmsley Ltd Llc. Barclays Public Ltd Liability holds 0% in Centerra Gold Inc. (TSE:CG) or 21,619 shares. Benjamin F Edwards And Inc holds 0% of its portfolio in Centerra Gold Inc. (TSE:CG) for 90 shares. Whittier Tru Of Nevada has 0% invested in Centerra Gold Inc. (TSE:CG) for 740 shares.

Since May 3, 2017, it had 0 insider buys, and 1 sale for $172,747 activity. Bentley Pamela L sold $172,747 worth of Centerra Gold Inc. (TSE:CG) on Wednesday, May 3.

Centerra Gold Inc. (TSE:CG) Ratings Coverage

Among 9 analysts covering Centerra Gold Inc. (TSE:CG), 2 have Buy rating, 2 Sell and 5 Hold. Therefore 22% are positive. Centerra Gold Inc. has $10.25 highest and $6 lowest target. $8.14’s average target is -8.64% below currents $8.91 stock price. Centerra Gold Inc. had 42 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, January 13. The stock of Centerra Gold Inc. (TSE:CG) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, November 8. As per Tuesday, January 17, the company rating was maintained by Scotia Capital. Scotia Capital maintained Centerra Gold Inc. (TSE:CG) on Wednesday, March 29 with “Sector Perform” rating. TheStreet downgraded the stock to “Sell” rating in Wednesday, August 19 report. The firm earned “Sector Perform” rating on Wednesday, July 6 by RBC Capital Markets. The firm has “Hold” rating by TD Securities given on Monday, February 27. The rating was maintained by Scotia Capital with “Sector Perform” on Thursday, November 17. The firm has “Underperform” rating given on Friday, February 24 by RBC Capital Markets. IBC maintained Centerra Gold Inc. (TSE:CG) on Wednesday, July 6 with “Sector Perform” rating.

The stock decreased 1.66% or $0.15 on September 15, reaching $8.91. About 3.06M shares traded or 402.59% up from the average. Centerra Gold Inc. (TSE:CG) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Analysts await The Carlyle Group LP (NASDAQ:CG) to report earnings on October, 25. They expect $0.46 earnings per share, up 119.05 % or $0.25 from last year’s $0.21 per share. CG’s profit will be $153.14 million for 12.80 P/E if the $0.46 EPS becomes a reality. After $0.81 actual earnings per share reported by The Carlyle Group LP for the previous quarter, Wall Street now forecasts -43.21 % negative EPS growth.

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 market cap of $2.60 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 has a 9.43 P/E ratio. The Company’s Kyrgyz segment includes Kumtor Gold Co. (KGC) (Kyrgyz Republic), which operates Kumtor Mine.

More notable recent Centerra Gold Inc. (TSE:CG) news were published by: Seekingalpha.com which released: “Centerra Gold’s (CAGDF) CEO Scott Perry on Q2 2017 Results – Earnings Call …” on August 01, 2017, also Seekingalpha.com with their article: “Centerra Gold: Life After Thompson Creek Acquisition” published on February 28, 2017, Seekingalpha.com published: “Centerra Gold: 60% To 70% Upside Potential For This Gold Miner” on April 28, 2017. More interesting news about Centerra Gold Inc. (TSE:CG) were released by: Marketwired.com and their article: “Centerra Gold Provides Update on Discussions with the Kyrgyz Government” published on September 06, 2017 as well as Marketwired.com‘s news article titled: “Centerra Gold Reaches Comprehensive Settlement with the Government of the …” with publication date: September 11, 2017.

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