The Globe and Mail reports in its Wednesday, Sept. 18, edition that BMO Capital analyst Raj Ray is sticking with his "outperform" ranking for Centerra Gold. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ray elevated his share target to $12 from $11. Analysts on average target the shares at $12.23. Mr. Ray says in a note: "The definitive feasibility study (DFS) for Centerra's molybdenum business unit (MBU) envisages restart of the Thompson Creek mine. The DFS highlights improved economics vs. the 2023 PFS, including a commercially optimized plan for the Langeloth metallurgical facility. While the MBU investment decision is unlikely to excite the gold-focused investor, we believe the restart decision is the best outcome, given available alternatives, and offers a relatively low capital-intensive optionality to molybdenum prices and potential future complete/partial sale." The Globe reported on Feb. 22 that Mr. Ray rated Centerra Gold "outperform," when it was worth $7.05. The Globe reported on July 11 that CIBC analysts had downgraded Centerra Gold to "neutral" from "outperform." The shares could then be had for $9.64.