Centerra Gold Inc. (TSE:CG) – Stock analysts at Cormark lowered their Q1 2018 earnings per share estimates for shares of Centerra Gold in a report issued on Tuesday. Cormark analyst R. Gray now expects that the company will earn $0.01 per share for the quarter, down from their previous forecast of $0.06. Cormark also issued estimates for Centerra Gold’s Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $0.81 EPS, Q1 2019 earnings at $0.33 EPS and Q2 2019 earnings at $0.33 EPS.
A number of other equities analysts also recently commented on CG. National Bank Financial downgraded shares of Centerra Gold from an “outperform spec market weight” rating to a “sector perform market weight” rating in a research note on Tuesday, October 17th. CIBC cut their target price on shares of Centerra Gold from C$11.00 to C$9.50 in a research note on Wednesday, November 1st. BMO Capital Markets reissued a “market perform” rating and issued a C$10.50 target price on shares of Centerra Gold in a research note on Thursday, November 2nd. Scotiabank cut their target price on shares of 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. Finally, TD Securities cut their target price on shares of 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Centerra Gold presently has an average rating of “Buy” and an average price target of C$9.03.
In other news, insider Dennis Kwong purchased 5,600 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was acquired at an average cost of C$7.50 per share, with a total value of C$42,000.00.
COPYRIGHT VIOLATION NOTICE: This story was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://sportsperspectives.com/2018/02/09/q1-2018-earnings-estimate-for-centerra-gold-inc-issued-by-cormark-cg.html.
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.
Receive News & Ratings for Centerra Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centerra Gold and related companies with MarketBeat.com's FREE daily email newsletter.