Analysts Offer Predictions for Centerra Gold Inc.’s FY2024 Earnings (TSE:CG)

Centerra Gold Inc. (TSE:CG) – Equities research analysts at Raymond James increased their FY2024 earnings per share (EPS) estimates for shares of Centerra Gold in a research report issued on Tuesday, July 2nd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.84 per share for the year, up from their previous forecast of $0.82. The consensus estimate for Centerra Gold’s current full-year earnings is $0.89 per share. Raymond James also issued estimates for Centerra Gold’s FY2025 earnings at $0.23 EPS.

Centerra Gold (TSE:CG) last issued its quarterly earnings data on Tuesday, May 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.21 by C($0.02). The company had revenue of C$412.37 million during the quarter. Centerra Gold had a net margin of 4.99% and a return on equity of 3.40%.

A number of other research firms have also recently weighed in on CG. National Bankshares upped their price target on Centerra Gold from C$11.25 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. CIBC upped their price target on Centerra Gold from C$9.50 to C$11.00 in a report on Monday, April 15th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Centerra Gold in a report on Monday, April 8th. Cormark upped their price target on Centerra Gold from C$13.00 to C$13.90 in a report on Wednesday, May 15th. Finally, Canaccord Genuity Group upped their price target on Centerra Gold from C$10.75 to C$11.00 in a report on Tuesday, April 23rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Centerra Gold presently has a consensus rating of “Buy” and a consensus price target of C$11.07.

Centerra Gold Stock Performance

TSE CG opened at C$9.20 on Thursday. The stock has a market capitalization of C$1.97 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.26 and a beta of 1.19. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$10.25. The company has a current ratio of 3.22, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29. The stock has a 50-day moving average of C$9.25 and a 200 day moving average of C$8.17.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, June 12th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Wednesday, May 29th. Centerra Gold’s dividend payout ratio (DPR) is presently 77.78%.

Insider Activity at Centerra Gold

In other Centerra Gold news, Director Craig Stephen Macdougall bought 10,500 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average price of C$9.56 per share, with a total value of C$100,330.65. Insiders have acquired 11,012 shares of company stock valued at $105,101 over the last quarter. 0.23% of the stock is owned by insiders.

Centerra Gold Company Profile

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.