Centerra Gold (CG) Gets a Hold Rating from CIBC

By Jason Carr

Centerra Gold (CGResearch Report), the Materials sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Bryce Adams from CIBC reiterated a Hold rating, with a C$9 price target.

Centerra Gold has an analyst consensus of Strong Buy, with a price target consensus of C$9.

Based on Centerra Gold’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$64.68 million. In comparison, last year the company had a net profit of C$11.44 million.

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 company’s shares closed on Monday at C$7.19.