Q3 2017 EPS Estimates for Centerra Gold Inc. Cut by Analyst (CG)
Centerra Gold Inc. (TSE:CG) – Research analysts at Cormark lowered their Q3 2017 earnings per share (EPS) estimates for Centerra Gold in a note issued to investors on Thursday. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.37 for the quarter, down from their prior forecast of $0.38. Cormark also issued estimates for Centerra Gold’s Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.32 EPS and FY2018 earnings at $1.26 EPS.
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A number of other research firms have also weighed in on CG. BMO Capital Markets reissued a “market perform” rating and issued a C$8.00 price objective on shares of Centerra Gold in a research report on Monday, July 10th. National Bank Financial reiterated an “outperform spec market weight” rating on shares of Centerra Gold in a research note on Sunday, July 23rd. CIBC boosted their price objective on shares of Centerra Gold from C$8.50 to C$9.50 in a research note on Thursday. Finally, TD Securities boosted their price objective on shares of Centerra Gold from C$7.50 to C$8.50 and gave the stock a “hold” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Centerra Gold has an average rating of “Hold” and an average price target of C$8.22.
Shares of Centerra Gold (TSE CG) opened at 8.78 on Monday. The firm has a market cap of $2.56 billion and a P/E ratio of 11.51. Centerra Gold has a 12-month low of $5.56 and a 12-month high of $8.79. The firm has a 50-day moving average of $7.07 and a 200-day moving average of $7.19.
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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