Centerra Gold price target raised to $10.50 from $9.10 at BofA

BofA raised the firm’s price target on Centerra Gold (CGAU) to $10.50 from $9.10 and keeps an Underperform rating on the shares. The firm raise increased targets across the North American precious metals group. Many of the macro drivers that pushed gold prices higher “have intensified,” the analyst tells investors in a research note. BofA expects company capital returns in Q4 to be strong.