Centerra Gold (CGAU) Soars 2.93% on Analyst Upgrade

Centerra Gold (CGAU) surged 2.93% today, marking its sixth consecutive day of gains, with a cumulative increase of 27.36% over the past six days. The share price reached its highest level since October 2024, with an intraday gain of 5.86%.

Scotiabank analyst Ovais Habib recently raised the firm's price target on Centerra Gold to $11 from $9, while maintaining an Outperform rating on the shares. This analyst action could positively influence Centerra Gold's stock price as it reflects increased confidence in the company's performance potential. The revised price target suggests that the analyst believes the company has significant upside potential, which could attract more investors and drive the stock price higher. This move by Scotiabank is a clear indication of the growing optimism surrounding Centerra Gold's future prospects.