FY2024 Earnings Forecast for Centerra Gold Issued By Cormark

Centerra Gold Inc. (TSE:CG) – Investment analysts at Cormark lowered their FY2024 earnings per share (EPS) estimates for Centerra Gold in a 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 estimate of $1.22. Cormark also issued estimates for Centerra Gold’s Q4 2024 earnings at $0.33 EPS.

A number of other analysts have also weighed in on the stock. Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Raymond James cut their price target on shares of Centerra Gold from C$13.00 to C$12.50 in a report on Monday. CIBC decreased their price objective on shares of Centerra Gold from C$13.00 to C$12.50 in a report on Tuesday. Finally, Canaccord Genuity Group upped their price objective on Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$11.71.

Centerra Gold Price Performance

Shares of TSE:CG opened at C$8.99 on Thursday. The business has a fifty day moving average price of C$9.58 and a 200-day moving average price of C$9.34. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.79 and a quick ratio of 3.24. The company has a market capitalization of C$1.91 billion, a PE ratio of 10.70, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold has a 1-year low of C$6.07 and a 1-year high of C$10.59.

Insider Buying and Selling at Centerra Gold

In other Centerra Gold news, Senior Officer Yousef Rehman sold 71,419 shares of the 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. In other news, Senior Officer Claudia D’orazio sold 29,388 shares of Centerra Gold stock in a transaction dated Friday, September 27th. The stock was 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 the stock in a transaction that occurred on Tuesday, September 24th. The stock was 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.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) 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.