Scotiabank Raises Centerra Gold (CGAU) Price Target to $21

Scotiabank's upward revision of its price target for Centerra Gold reflects the bank's confidence in the mining sector and could have an indirect positive impact on BNS shares. On the technical side, the RSI stands at 40, not yet in oversold territory, while the MACD remains below its signal line. The price is trading below both the 20-day and 50-day moving averages, indicating short-term weakness. Although the news is positive, the technical picture does not fully signal a recovery, so upside expectations may remain limited.