BofA raised the firm’s price target on Centerra Gold (CGAU) to $7.90 from $7.35 and keeps an Underperform rating on the shares. The firm raised price targets for its North American precious metals coverage by 16% on average on the back of higher gold and silver price forecasts, telling investors that the firm’s commodities team now forecasts gold to reach $5,000 per ounce and silver to hit $65 per ounce.
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