Analysts Offer Predictions for Centerra Gold FY2024 Earnings

Centerra Gold Inc. (TSE:CG) – Analysts at Cormark decreased their FY2024 EPS estimates for Centerra Gold in a research note issued to investors on Tuesday, November 5th. Cormark analyst R. Gray now expects that the company will post earnings of $1.09 per share for the year, down from their previous forecast of $1.22. Cormark also issued estimates for Centerra Gold’s Q4 2024 earnings at $0.33 EPS.

Other research analysts have also issued reports about the stock. Raymond James lowered their target price on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday. CIBC decreased their price target on shares of Centerra Gold from C$13.00 to C$12.50 in a research report on Tuesday. Canaccord Genuity Group raised their price target on shares of Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd. Cibc World Mkts lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$11.71.

Centerra Gold Stock Performance

TSE:CG opened at C$8.65 on Thursday. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$10.59. The firm’s fifty day simple moving average is C$9.60 and its 200 day simple moving average is C$9.33. The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of C$1.84 billion, a PE ratio of 10.30, a PEG ratio of 1.26 and a beta of 1.23.

Insider Activity

In other news, Senior Officer Yousef Rehman sold 71,419 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total value of C$716,332.57. In other news, Senior Officer Claudia D’orazio sold 29,388 shares of Centerra Gold stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$10.20, for a total value of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total value of C$716,332.57. 0.21% of the stock is owned by corporate insiders.

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 3.24%. Centerra Gold’s dividend payout ratio is presently 33.33%.

About Centerra Gold

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.