Centerra Gold price target raised to $6.20 from $6.10 at BofA

BofA raised the firm’s price target on Centerra Gold to $6.20 from $6.10 and keeps an Underperform rating on the shares after updating the firm’s model for the recent strategic plan press release, which included a new mine plan for Oksut. The mine plan broadly showed better production over the life of mine, but the firm maintains its Underperform rating on Centerra given what it sees as “the great deal of execution needed to improve the value of its assets and a relatively short reserve life.”