Scotiabank Lowers Earnings Estimates for Centerra Gold

Centerra Gold Inc. (TSE:CG) – Analysts at Scotiabank reduced their FY2025 earnings per share estimates for shares of Centerra Gold in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst O. Habib now expects that the company will earn $0.53 per share for the year, down from their prior estimate of $0.65. Scotiabank also issued estimates for Centerra Gold’s FY2026 earnings at $0.50 EPS.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada cut their price target on Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. National Bankshares upped their target price on Centerra Gold from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. Cormark lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. CIBC upped their target price on Centerra Gold from C$9.80 to C$10.30 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Desjardins lowered Centerra Gold from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$12.75 to C$11.00 in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Centerra Gold has a consensus rating of “Hold” and a consensus price target of C$11.58.

Centerra Gold Price Performance

Centerra Gold stock opened at C$8.74 on Monday. The stock has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold has a 52-week low of C$7.68 and a 52-week high of C$10.59. The stock’s 50 day moving average price is C$8.78 and its two-hundred day moving average price is C$8.91. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60.

Insider Activity at Centerra Gold

In other Centerra Gold news, Director Paul Botond Stilicho Tomory sold 8,563 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total value of C$70,901.64. Also, Director Paul Nicholas Wright acquired 35,000 shares of Centerra Gold stock in a transaction on Friday, February 28th. The stock was acquired at an average price of C$8.11 per share, with a total value of C$283,752.00. 0.21% of the stock is currently owned by insiders.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 27th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, March 13th. Centerra Gold’s payout ratio is currently 40.58%.

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.