Q4 2019 EPS Estimates for Centerra Gold Inc. Increased by Analyst (TSE:CG)

Centerra Gold Inc. (TSE:CG) – Cormark lifted their Q4 2019 earnings per share (EPS) estimates for shares of Centerra Gold in a research note issued to investors on Thursday, October 31st. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.40 for the quarter, up from their previous forecast of $0.29.

A number of other research analysts have also recently commented on the stock. TD Securities decreased their target price on shares of Centerra Gold from C$14.50 to C$14.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Raymond James reaffirmed an “outperform” rating and issued a C$14.50 target price on shares of Centerra Gold in a research report on Thursday, October 31st. CSFB decreased their target price on shares of Centerra Gold from C$14.50 to C$13.00 in a research report on Thursday, October 31st. CIBC cut shares of Centerra Gold from an “outperform” rating to a “neutral” rating and decreased their target price for the company from C$13.75 to C$12.25 in a research report on Thursday, October 31st. Finally, National Bank Financial upped their target price on shares of Centerra Gold from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$13.19.

TSE CG opened at C$10.65 on Monday. The firm’s 50-day moving average is C$11.82 and its two-hundred day moving average is C$10.03. Centerra Gold has a 12 month low of C$4.83 and a 12 month high of C$13.00. The company has a debt-to-equity ratio of 6.03, a current ratio of 3.47 and a quick ratio of 0.78. The stock has a market capitalization of $3.68 billion and a P/E ratio of -96.82.

In other Centerra Gold news, Director Gordon Dunlop Reid sold 5,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$11.90, for a total transaction of C$59,500.00. Following the sale, the director now directly owns 21,200 shares in the company, valued at C$252,280. Also, Senior Officer Dennis Kwong sold 40,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.06, for a total transaction of C$482,400.00. Following the sale, the insider now owns 36,873 shares in the company, valued at C$444,688.38. Insiders have sold 55,300 shares of company stock worth $664,364 over the last quarter.

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 flagship projects include the 100% owned 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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