National Bank Financial Research Analysts Cut Earnings Estimates for Centerra Gold Inc. (TSE:CG)

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

Several other brokerages also recently issued reports on CG. Scotiabank cut their target price on shares of Centerra Gold from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. BMO Capital Markets restated a “market perform” rating and set a C$10.50 price objective on shares of Centerra Gold in a research report on Thursday, November 2nd. CIBC cut their price objective on shares of Centerra Gold from C$11.00 to C$9.50 in a research report on Wednesday, November 1st. TD Securities cut their price objective on shares of Centerra Gold from C$9.50 to C$8.00 and set a “hold” rating for the company in a research report on Thursday, December 28th. Finally, Canaccord Genuity cut their price objective on shares of Centerra Gold from C$8.50 to C$7.00 in a research report on Friday, January 19th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$9.03.

Shares of Centerra Gold (TSE CG) opened at C$6.30 on Friday. Centerra Gold has a one year low of C$5.90 and a one year high of C$9.35. The stock has a market cap of $1,810.00, a PE ratio of 10.00 and a beta of -0.83.

In other Centerra Gold news, insider Dennis Kwong bought 5,600 shares of the stock in a transaction dated Friday, November 24th. The shares were bought at an average cost of C$7.50 per share, with a total value of C$42,000.00.

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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.

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Earnings History and Estimates for Centerra Gold (TSE:CG)

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