Equities Analysts Issue Forecasts for Centerra Gold Inc.’s FY2016 Earnings (CG)
Centerra Gold Inc. (TSE:CG) – Cormark raised their FY2016 earnings per share estimates for Centerra Gold in a note issued to investors on Tuesday. Cormark analyst R. Gray now anticipates that the firm will post earnings per share of $0.75 for the year, up from their prior estimate of $0.67. Cormark also issued estimates for Centerra Gold’s Q4 2016 earnings at $0.34 EPS.
Other equities research analysts have also issued research reports about the company. Scotiabank reissued an “outperform” rating and issued a C$11.00 target price on shares of Centerra Gold in a research report on Thursday, July 28th. CSFB reissued an “outperform” rating and issued a C$10.25 target price on shares of Centerra Gold in a research report on Wednesday, October 26th. Canaccord Genuity raised their price target on Centerra Gold from C$8.50 to C$8.75 and gave the company a “buy” rating in a research note on Monday, October 24th. TD Securities decreased their price target on Centerra Gold from C$9.00 to C$8.50 and set a “hold” rating for the company in a research note on Friday, July 29th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Centerra Gold in a research note on Tuesday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Centerra Gold has a consensus rating of “Hold” and an average price target of C$9.07.
Shares of Centerra Gold (TSE:CG) opened at 6.93 on Wednesday. Centerra Gold has a 12 month low of $5.64 and a 12 month high of $8.22. The company’s market cap is $1.68 billion. The firm’s 50-day moving average price is $6.82 and its 200-day moving average price is $7.16.
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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