Raymond James Maintains Outperform Rating for Centerra Gold: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has maintained its Outperform rating for Centerra Gold (NYSE:CGAU) but reduced its price target from $12.00 to $11.00. Centerra Gold's shares are currently trading at $6.09, and the new price target suggests a potential upside of 80.62%. Centerra Gold is a gold mining company with operations in Asia, North America, and other regions.
December 29, 2023 | 5:00 pm
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Raymond James maintains Outperform rating on Centerra Gold with a reduced price target from $12 to $11, indicating a significant potential upside from the current price of $6.09.
The maintenance of an Outperform rating by Raymond James suggests a positive outlook on Centerra Gold's performance, despite the reduction in price target. This could be seen as a reaffirmation of the company's strong fundamentals or growth potential, which may positively influence investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100