Analysts Offer Predictions for Centerra Gold Inc.’s FY2019 Earnings (TSE:CG)

Centerra Gold Inc. (TSE:CG) – Stock analysts at Cormark issued their FY2019 earnings per share (EPS) estimates for shares of Centerra Gold in a note issued to investors on Wednesday, February 12th. Cormark analyst R. Gray anticipates that the company will post earnings of $1.00 per share for the year. Cormark also issued estimates for Centerra Gold’s Q4 2019 earnings at $0.28 EPS, Q1 2020 earnings at $0.35 EPS, Q2 2020 earnings at $0.39 EPS and Q4 2020 earnings at $0.60 EPS.

A number of other research analysts have also recently issued reports on CG. Raymond James set a C$13.00 price target on shares of Centerra Gold and gave the stock an “outperform” rating in a report on Wednesday. CSFB dropped their price target on Centerra Gold from C$14.50 to C$13.00 in a research note on Thursday, October 31st. CIBC lowered Centerra Gold from an “outperform” rating to a “neutral” rating and cut their price objective for the company from C$13.75 to C$12.25 in a report on Thursday, October 31st. TD Securities reduced their price objective on Centerra Gold from C$14.50 to C$14.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Finally, Scotiabank decreased their target price on Centerra Gold from C$13.00 to C$12.00 in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$12.89.

TSE:CG opened at C$9.79 on Friday. The company has a current ratio of 3.47, a quick ratio of 0.78 and a debt-to-equity ratio of 6.03. Centerra Gold has a twelve month low of C$6.36 and a twelve month high of C$13.00. The company has a market cap of $2.90 billion and a PE ratio of -89.00. The company’s 50 day moving average is C$10.06 and its two-hundred day moving average is C$10.97.

About Centerra Gold

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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