BMO Capital upgraded Centerra Gold (CGAU) to Outperform from Market Perform with a price target of C$32, up from C$20, after the company announced the results of a preliminary economic assessment for its Kemess gold-copper brownfield project in British Columbia. The firm says Kemess “adds critical mass” and growth to Centerra’s North American portfolio. BMO cites an improved growth outlook for the upgrade.
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