Centerra Gold price target lowered to $7.90 from $9.10 at BofA

BofA lowered the firm’s price target on Centerra Gold (CGAU) to $7.90 from $9.10 and keeps an Underperform rating on the shares. The firm is refreshing its price forecasts for North American Metals & Mining stocks under its coverage, the analyst tells investors. The firm sees the macro backdrop as challenging due to China’s slowing commodity demand but notes this may be offset by a rebound in demand in U.S. and Europe.