FY2024 Earnings Forecast for Centerra Gold Issued By Cormark

Centerra Gold Inc. (TSE:CG - Free Report) - Stock analysts at Cormark decreased their FY2024 EPS estimates for Centerra Gold in a report released on Tuesday, November 5th. Cormark analyst R. Gray now expects that the company will post earnings per share of $1.09 for the year, down from their previous forecast of $1.22. Cormark also issued estimates for Centerra Gold's Q4 2024 earnings at $0.33 EPS.

CG has been the subject of several other research reports. Cibc World Mkts downgraded shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 10th. Canaccord Genuity Group raised their price objective on shares of Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd. Raymond James cut their price objective on shares of Centerra Gold from C$13.00 to C$12.50 in a research report on Monday. CIBC cut their price objective on shares of Centerra Gold from C$13.00 to C$12.50 in a research report on Tuesday. Finally, Desjardins upgraded shares of Centerra Gold to a "moderate buy" rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Centerra Gold currently has a consensus rating of "Moderate Buy" and an average price target of C$11.71.

Centerra Gold Stock Performance

Shares of CG traded up C$0.34 during trading hours on Thursday, hitting C$8.99. The company's stock had a trading volume of 1,518,845 shares, compared to its average volume of 746,040. The company has a market cap of C$1.91 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 1.26 and a beta of 1.23. 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 business has a 50 day simple moving average of C$9.58 and a two-hundred day simple moving average of C$9.34. Centerra Gold has a 52-week low of C$6.07 and a 52-week high of C$10.59.

Insider Activity

In other news, Senior Officer Claudia D'orazio sold 29,388 shares of the company's stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total value of C$299,757.60. In related news, Senior Officer Yousef Rehman sold 71,419 shares of the company's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total transaction of C$716,332.57. Also, Senior Officer Claudia D'orazio sold 29,388 shares of the company's stock in a transaction 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. 0.21% of the stock is owned by corporate insiders.

Centerra Gold Announces Dividend

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