Centerra Gold FY2024 EPS Estimate Raised by Raymond James

Centerra Gold Inc. (TSE:CG) – Equities research analysts at Raymond James lifted their FY2024 earnings per share (EPS) 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 post earnings per share of $0.98 for the year, up from their previous forecast 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.

Other equities research analysts have also issued reports about the company. Desjardins raised Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. CIBC decreased their price target on Centerra Gold from C$12.50 to C$9.80 in a research report on Monday, December 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$11.37.

Centerra Gold Trading Up 0.2 %

Centerra Gold stock opened at C$8.18 on Friday. Centerra Gold has a 12-month low of C$6.07 and a 12-month high of C$10.59. 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 stock has a market capitalization of C$1.74 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The firm has a 50 day simple moving average of C$8.91 and a 200-day simple moving average of C$9.24.

Insider Activity

In other news, Senior Officer Claudia D’orazio sold 29,388 shares of the 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 the 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. Corporate insiders own 0.21% of the company’s stock.

Centerra Gold Dividend Announcement

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

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.