Equities Analysts Offer Predictions for Centerra Gold Inc.’s FY2017 Earnings (CG)

Centerra Gold Inc. (TSE:CG) – Cormark reduced their FY2017 EPS estimates for shares of Centerra Gold in a research note issued on Thursday. Cormark analyst R. Gray now expects that the company will earn $1.21 per share for the year, down from their prior estimate of $1.38. Cormark also issued estimates for Centerra Gold’s Q4 2017 earnings at $0.49 EPS, Q1 2018 earnings at $0.34 EPS, Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.34 EPS and FY2018 earnings at $1.34 EPS.

Several other research analysts have also issued reports on CG. Scotiabank cut their price target on Centerra Gold from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. BMO Capital Markets reiterated a “market perform” rating and issued a C$10.50 price target on shares of Centerra Gold in a report on Thursday, November 2nd. National Bank Financial increased their price target on Centerra Gold from C$9.00 to C$10.00 and gave the stock a “sector perform” rating in a report on Thursday, November 2nd. CIBC cut their price target on Centerra Gold from C$11.00 to C$9.50 in a report on Wednesday, November 1st. Finally, Canaccord Genuity cut their price target on Centerra Gold from C$10.00 to C$7.00 in a report on Friday, September 29th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$9.14.

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Shares of Centerra Gold (TSE CG) opened at C$7.77 on Monday. Centerra Gold has a one year low of C$5.56 and a one year high of C$9.35.

In related news, insider John William Pearson sold 16,772 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of C$8.98, for a total transaction of C$150,612.56. Also, Director Gordon Dunlop Reid sold 28,300 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of C$9.10, for a total value of C$257,530.00. In the last three months, insiders sold 90,536 shares of company stock valued at $818,089.

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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