Centerra Gold Inc. (TSE:CG) – Equities researchers at Raymond James raised their FY2019 earnings per share estimates for shares of Centerra Gold in a research report issued on Friday, October 18th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.87 per share for the year, up from their prior estimate of $0.76. Raymond James currently has a “Outperform” rating and a $14.00 price target on the stock.
Centerra Gold (TSE:CG) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$0.15 earnings per share (EPS) for the quarter. The company had revenue of C$455.49 million during the quarter.
CG stock opened at C$12.10 on Monday. Centerra Gold has a 1 year low of C$4.76 and a 1 year high of C$12.88. The company has a market cap of $3.56 billion and a P/E ratio of 26.54. The firm has a 50-day moving average of C$11.64 and a 200 day moving average of C$9.73. The company has a debt-to-equity ratio of 5.56, a current ratio of 2.78 and a quick ratio of 0.68.
In other Centerra Gold news, Senior Officer Darren Millman sold 81,722 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of C$10.82, for a total transaction of C$883,880.64. Following the completion of the transaction, the insider now owns 8,651 shares of the company’s stock, valued at C$93,566.62. Also, Director Gordon Dunlop Reid sold 101,648 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of C$10.98, for a total transaction of C$1,115,871.41. Following the transaction, the director now directly owns 16,200 shares of the company’s stock, valued at approximately C$177,840.36. Insiders have sold 238,670 shares of company stock valued at $2,664,116 in the last ninety days.
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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