RBC Capital Remains a Sell on Centerra Gold

By Carrie Williams

Centerra Gold (TSX: CG), the Materials sector company was revisited yesterday, and remains overvalued for at least one analyst on the street. Analyst Stephen Walker from RBC Capital remains bearish on the stock and has a C$8 price target.

According to TipRanks.com, Walker is a 3-star analyst with an average return of 0.8% and a 46.5% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Novagold Resources Inc New.

Centerra Gold has an analyst consensus of Hold, with a price target consensus of C$7.88.

The company has a one year high of C$8.32 and a one year low of C$5.56. Currently, Centerra Gold has an average volume of 1.19M.

Centerra Gold, Inc. is a gold mining and exploration company, which engages in the operations, development, exploration and acquisition of gold properties in Asia, the former Soviet Union and other emerging markets worldwide. The company operates two gold mines: Kumtor and Boroo gold mines, which are located in Kyrgyz Republic and Mongolia. It also owns a Gatsuurt exploration property that is in development stage. The company also owns interest in the Oksut project in Turkey, as well as the Kara Beldyr property in Russia; and joint venture interests in other projects located in Turkey, China, and Mongolia. Its history roots back to 1992. Centerra Gold was on November 7, 2002 and is headquartered in Toronto, Canada.

The company’s shares closed last Tuesday at $7.84.