Cormark Weighs in on Centerra Gold Inc.’s FY2018 Earnings (CG)

Centerra Gold Inc. (TSE:CG) – Cormark lowered their FY2018 EPS estimates for shares of Centerra Gold in a note issued to investors on Thursday, November 1st. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.48 for the year, down from their previous forecast of $0.51. Cormark also issued estimates for Centerra Gold’s Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.35 EPS and FY2019 earnings at $1.43 EPS.

A number of other research analysts also recently issued reports on the stock. Canaccord Genuity upgraded shares of Centerra Gold from a “hold” rating to a “buy” rating and dropped their target price for the company from C$6.75 to C$6.50 in a research report on Thursday, October 18th. CIBC dropped their target price on shares of Centerra Gold from C$9.00 to C$7.50 in a research report on Thursday, August 2nd. Raymond James dropped their target price on shares of Centerra Gold from C$9.50 to C$9.00 in a research report on Thursday, August 2nd. Finally, National Bank Financial dropped their target price on shares of Centerra Gold from C$8.50 to C$7.25 in a research report on Saturday, July 14th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$8.16.

Centerra Gold stock opened at C$5.34 on Monday. Centerra Gold has a 12-month low of C$4.76 and a 12-month high of C$8.21.

Centerra Gold Company Profile

Centerra Gold Inc, a gold mining and exploration company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its principal projects include Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.

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

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