FY2024 EPS Estimate for Centerra Gold Boosted by Analyst

Centerra Gold Inc. (TSE:CG) – Equities research analysts at Raymond James upped their FY2024 earnings per share estimates for Centerra Gold in a note issued to investors on Wednesday, December 18th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.98 per share for the year, up from their previous estimate of $0.94. Raymond James also issued estimates for Centerra Gold’s Q4 2024 earnings at $0.21 EPS and Q3 2025 earnings at $0.11 EPS.

Several other brokerages have also weighed in on CG. Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. CIBC lowered their price target on shares of Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$11.37.

Centerra Gold Stock Up 0.2 %

Shares of CG stock opened at C$8.18 on Friday. Centerra Gold has a 52-week low of C$6.07 and a 52-week high of C$10.59. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79. The stock has a market cap of C$1.74 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 1.26 and a beta of 1.23. The firm’s 50-day moving average is C$8.91 and its 200-day moving average is C$9.24.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Wednesday, November 13th. Centerra Gold’s dividend payout ratio is currently 33.33%.

Insiders Place Their Bets

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

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.