Centerra Gold (CGAU) Gets a Sell from Bank of America Securities

In a report released today, Lawson Winder from Bank of America Securities maintained a Sell rating on Centerra Gold, with a price target of $7.90. The company’s shares closed yesterday at $12.49.

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According to TipRanks, Winder is a 5-star analyst with an average return of 19.8% and a 58.29% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Newmont Mining, Barrick Mining, and Freeport-McMoRan.

The word on The Street in general, suggests a Hold analyst consensus rating for Centerra Gold with a $10.78 average price target.

CGAU market cap is currently $2.54B and has a P/E ratio of 34.32.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CGAU in relation to earlier this year.