Raymond James Maintains Outperform on Centerra Gold, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian MacArthur has maintained an Outperform rating on Centerra Gold (NYSE:CGAU) but has reduced the price target from C$12 to C$11.
December 29, 2023 | 1:37 pm
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NEUTRAL IMPACT
Centerra Gold's Outperform rating is maintained by Raymond James, but the price target is lowered from C$12 to C$11, indicating potential upside but with caution.
While the Outperform rating suggests that Raymond James still sees Centerra Gold as a good investment, the reduction in the price target may reflect a slightly more cautious outlook on the company's future performance. This could lead to a neutral short-term impact on the stock price as investors digest both the reaffirmation of the positive rating and the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100