Centerra Gold Inc. (CG) Forecasted to Earn FY2018 Earnings of $0.23 Per Share

Centerra Gold Inc. (TSE:CG) – Analysts at National Bank Financial cut their FY2018 earnings per share estimates for shares of Centerra Gold in a research note issued on Tuesday. National Bank Financial analyst M. Parkin now anticipates that the company will earn $0.23 per share for the year, down from their previous estimate of $0.45. National Bank Financial currently has a “Sector Perform” rating and a $7.75 target price on the stock. National Bank Financial also issued estimates for Centerra Gold’s FY2019 earnings at ($0.44) EPS and FY2020 earnings at $0.96 EPS.

Several other equities research analysts have also recently weighed in on CG. Royal Bank of Canada upgraded Centerra Gold from an “underperform” rating to a “sector perform” rating and increased their target price for the company from C$8.00 to C$10.00 in a report on Friday, September 15th. CIBC decreased their target price on Centerra Gold from C$11.00 to C$9.50 in a research report on Wednesday, November 1st. BMO Capital Markets reissued a “market perform” rating and issued a C$10.50 target price on shares of Centerra Gold in a research report on Thursday, November 2nd. TD Securities decreased their target price on Centerra Gold from C$10.00 to C$8.50 and set a “hold” rating for the company in a research report on Wednesday, September 13th. Finally, Scotiabank decreased their target price on Centerra Gold from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$8.89.

Centerra Gold (TSE:CG) traded down C$0.01 during trading hours on Friday, hitting C$6.19. The company had a trading volume of 755,271 shares, compared to its average volume of 1,230,288. The company has a market cap of $1,810.00, a price-to-earnings ratio of 9.98 and a beta of -0.85. Centerra Gold has a 12 month low of C$6.02 and a 12 month high of C$9.35.

In related news, insider Dennis Kwong bought 5,600 shares of the stock in a transaction on Friday, November 24th. The stock was bought at an average price of C$7.50 per share, for a total transaction of C$42,000.00.

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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.

Earnings History and Estimates for Centerra Gold (TSE:CG)

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