Centerra Gold Inc (TSX:CG)
Shares Issued 216,318,188
Last Close 6/3/2008 $8.00
Wednesday June 04 2008 - In the News

The Globe and Mail reports in its Wednesday, June 4, edition that Centerra Gold retreated 30 cents Tuesday on the Toronto Stock Exchange to close at $8. The Globe's Angela Barnes writes in the Eye On Equities column the stock has a one-year range of $3.16 to $16.08. Centerra Gold said a third deadline for ratification of a framework agreement with the government of Kyrgyzstan regarding the Kumtor mine has passed with no word from the government. TD Securities analyst Greg Barnes suggested that, given the situation, investors may not be willing to wait it out. As a result, Mr. Barnes downgraded the stock to a "hold" from "speculative buy." As well, he lowered his target price to $10 from $13.50. Canaccord Adams analyst Steven Butler downgraded Centerra Gold on valuation and a reduced risk-reward outlook in The Globe on Oct. 24. It was then trading at $11.55. RBC Dominion Securities said in The Globe on April 9 it expects weakness in gold this summer and strength in the fall. RBC advised taking profit in Centerra and others. Centerra was then trading at $11.94. RBC said, "With this in mind, investors may crystallize profits now and take advantage of gold at lower levels within the June-July period."