Analysts Set Expectations for Centerra Gold FY2024 Earnings

Centerra Gold Inc. (TSE:CG - Free Report) - Stock analysts at Scotiabank lifted their FY2024 earnings per share (EPS) estimates for Centerra Gold in a report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $1.08 per share for the year, up from their prior estimate of $0.94. Scotiabank also issued estimates for Centerra Gold's FY2026 earnings at $0.91 EPS.

Several other research firms have also recently commented on CG. Desjardins raised shares of Centerra Gold to a "moderate buy" rating in a research note on Thursday, October 31st. Raymond James lowered their price objective on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. CIBC cut their target price on Centerra Gold from C$12.50 to C$9.80 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada decreased their price target on Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Centerra Gold currently has a consensus rating of "Moderate Buy" and an average target price of C$11.28.

Centerra Gold Stock Performance

Shares of TSE CG traded down C$0.07 during midday trading on Friday, reaching C$8.40. 468,087 shares of the company traded hands, compared to its average volume of 381,702. The company has a market cap 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. The stock has a 50-day moving average price of C$8.41 and a 200 day moving average price of C$9.11. Centerra Gold has a 52 week low of C$6.07 and a 52 week 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.

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 given a dividend of $0.07 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.33%. Centerra Gold's dividend payout ratio (DPR) 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.