Scotiabank analyst Ovais Habib raised the firm’s price target on Centerra Gold (CGAU) to $13.50 from $9.50 and keeps an Outperform rating on the shares. The firm is updating its price targets on Gold & Precious Minerals stocks under its coverage, the analyst tells investors. Precious metals prices continue to rally due to global trade and geopolitical uncertainty, the firm adds. Additionally, the firm notes capital returns and corporate M&A momentum is poised to continue.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CGAU:
- Centerra Gold Files Technical Report for Mount Milligan Mine
- Centerra Gold Releases Technical Report on Mount Milligan Mine
- Centerra Gold price target raised to $7.90 from $7.35 at BofA
- Centerra Gold price target raised to C$20 from C$15 at CIBC
- Centerra Gold downgraded to Market Perform from Outperform at Raymond James