FY2024 EPS Estimates for Centerra Gold Increased by Analyst

Centerra Gold Inc. (TSE:CG) – Stock analysts at Scotiabank lifted their FY2024 earnings per share estimates for shares of Centerra Gold in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $1.08 for the year, up from their previous estimate of $0.94. Scotiabank also issued estimates for Centerra Gold’s FY2026 earnings at $0.91 EPS.

Other research analysts have also recently issued research reports about the stock. 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. Royal Bank of Canada lowered their target price on shares of Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday. Desjardins upgraded Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Finally, Raymond James lowered their price objective on Centerra Gold from C$13.00 to C$12.50 in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$11.28.

Centerra Gold Stock Down 0.8 %

CG stock opened at C$8.40 on Friday. The company’s 50 day moving average price is C$8.41 and its 200 day moving average price is C$9.11. The firm has a market capitalization of C$1.79 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two 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.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.28 annualized dividend and a yield of 3.33%. Centerra Gold’s dividend payout ratio is presently 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.