Centerra Gold Inc. (TSE:CG) – Investment analysts at National Bank Financial boosted their FY2018 earnings estimates for shares of Centerra Gold in a research report issued to clients and investors on Tuesday. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $0.45 per share for the year, up from their prior estimate of $0.36. National Bank Financial currently has a “Sector Perform Market Weight” rating on the stock.

Other analysts have also issued research reports about the stock. BMO Capital Markets lifted their price target on shares of Centerra Gold from C$10.00 to C$10.50 in a research note on Monday, October 2nd. Canaccord Genuity decreased their price objective on shares of Centerra Gold from C$10.00 to C$7.00 in a report on Friday, September 29th. CIBC lifted their price objective on shares of Centerra Gold from C$8.50 to C$9.50 in a report on Thursday, September 7th. TD Securities lifted their price objective on shares of Centerra Gold from C$7.50 to C$8.50 and gave the stock a “hold” rating in a report on Thursday, September 7th. Finally, Scotiabank decreased their price objective on shares of Centerra Gold from C$11.00 to C$8.00 and set an “outperform” rating for the company in a report on Monday, September 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$8.72.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.thecerbatgem.com/2017/10/20/fy2018-eps-estimates-for-centerra-gold-inc-cg-increased-by-analyst.html.

Shares of Centerra Gold (TSE:CG) traded down 0.22% on Friday, hitting $9.12. 1,135,272 shares of the stock traded hands. The firm has a market cap of $2.66 billion and a P/E ratio of 11.95. Centerra Gold has a 12-month low of $5.56 and a 12-month high of $9.35. The firm’s 50-day moving average is $8.85 and its 200 day moving average is $7.63.

In other news, insider Stephen A. Lang sold 25,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of C$8.98, for a total transaction of C$224,500.00. Also, Director Gordon Dunlop Reid sold 28,300 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of C$9.10, for a total transaction of C$257,530.00. In the last ninety days, insiders sold 90,536 shares of company stock valued at $818,089.

About Centerra Gold

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)

Receive News & Stock Ratings for Centerra Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centerra Gold Inc. and related stocks with our FREE daily email newsletter.