Centerra Gold Inc. (TSE:CG) – Stock analysts at Raymond James increased their FY2019 earnings per share estimates for shares of Centerra Gold in a research report issued to clients and investors on Tuesday, February 11th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $1.01 per share for the year, up from their prior estimate of $0.94. Raymond James has a “Outperform” rating and a $13.00 price objective on the stock. Raymond James also issued estimates for Centerra Gold’s Q4 2019 earnings at $0.29 EPS and Q3 2020 earnings at $0.28 EPS.
CG has been the subject of several other reports. Scotiabank cut their price target on shares of Centerra Gold from C$13.00 to C$12.00 in a report on Monday, January 13th. TD Securities cut their price target on shares of Centerra Gold from C$14.50 to C$14.00 and set a “hold” rating for the company in a report on Thursday, October 31st. CIBC downgraded shares of Centerra Gold from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from C$13.75 to C$12.25 in a report on Thursday, October 31st. CSFB dropped their price objective on shares of Centerra Gold from C$14.50 to C$13.00 in a report on Thursday, October 31st. Finally, National Bank Financial lifted their price objective on shares of Centerra Gold from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$12.89.
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.
Further Reading: Risk Tolerance
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