Cormark Comments on Centerra Gold Inc.’s FY2017 Earnings (CG)
Centerra Gold Inc. (TSE:CG) – Cormark cut their FY2017 earnings per share (EPS) estimates for shares of Centerra Gold in a report issued on Thursday. Cormark analyst R. Gray now expects that the company will post earnings per share of $1.38 for the year, down from their previous estimate of $1.41. Cormark also issued estimates for Centerra Gold’s Q4 2017 earnings at $0.55 EPS, Q1 2018 earnings at $0.32 EPS and Q2 2018 earnings at $0.32 EPS.
Other research analysts have also issued research reports about the company. CIBC upped their price target on Centerra Gold from C$8.50 to C$9.50 in a research report on Thursday. TD Securities upped their price target on Centerra Gold from C$7.50 to C$8.50 and gave the company a “hold” rating in a research report on Thursday. BMO Capital Markets reaffirmed a “market perform” rating and set a C$8.00 price target on shares of Centerra Gold in a research report on Monday, July 10th. Finally, National Bank Financial decreased their target price on Centerra Gold from C$8.50 to C$8.25 and set an “outperform” rating for the company in a research report on Thursday, August 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$8.22.
Shares of Centerra Gold (TSE:CG) opened at 8.65 on Friday. Centerra Gold has a one year low of $5.56 and a one year high of $8.67. The company has a market capitalization of $2.52 billion and a P/E ratio of 11.34. The firm has a 50-day moving average price of $7.01 and a 200-day moving average price of $7.17.
Centerra Gold Company Profile
Centerra Gold Inc is a Canada-based gold mining company focused on operating, developing, exploring and acquiring gold properties in Asia, North America and other markets across the world. The Company’s exploration segment includes the operations of Lagares Project in which the activities are related to its subsidiary, Centerra Gold (KB) Inc Its Kyrgyz segment includes Kumtor Gold Co (KGC) (Kyrgyz Republic), which operates Kumtor Mine.
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