FY2017 EPS Estimates for Centerra Gold Inc. Lowered by National Bank Financial (CG)

Centerra Gold Inc. (TSE:CG) – Equities researchers at National Bank Financial reduced their FY2017 earnings per share estimates for Centerra Gold in a note issued to investors on Wednesday. National Bank Financial analyst M. Parkin now anticipates that the company will earn $0.81 per share for the year, down from their previous forecast of $1.01. National Bank Financial currently has a “Sector Perform” rating and a $8.25 target price on the stock. National Bank Financial also issued estimates for Centerra Gold’s Q4 2017 earnings at $0.22 EPS.

A number of other research firms also recently weighed in 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 research note on Thursday, November 2nd. BMO Capital Markets reissued a “market perform” rating and issued a C$10.50 price target on shares of Centerra Gold in a research note on Thursday, November 2nd. CIBC cut their price target on Centerra Gold from C$11.00 to C$9.50 in a research note on Wednesday, November 1st. TD Securities cut their price target on Centerra Gold from C$9.50 to C$8.00 and set a “hold” rating on the stock in a research note on Thursday, December 28th. Finally, Canaccord Genuity cut their price target on Centerra Gold from C$8.50 to C$7.00 in a research note on Friday, January 19th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$8.78.

Centerra Gold (CG) opened at C$6.46 on Friday. The firm has a market capitalization of $1,890.00, a price-to-earnings ratio of 10.59 and a beta of -0.85. Centerra Gold has a 12 month low of C$5.90 and a 12 month high of C$9.35.

Centerra Gold (TSE:CG) last posted its quarterly earnings results on Tuesday, October 31st. The company reported C$0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.22 by C$0.01. Centerra Gold had a negative return on equity of 0.18% and a negative net margin of 0.30%.

In other news, insider Dennis Kwong acquired 5,600 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was acquired 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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