Q3 2024 EPS Estimates for Centerra Gold Inc. (TSE:CG) Increased by Raymond James

Centerra Gold Inc. (TSE:CG - Free Report) - Stock analysts at Raymond James lifted their Q3 2024 EPS estimates for shares of Centerra Gold in a report issued on Monday, September 23rd. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.27 per share for the quarter, up from their prior estimate of $0.22. The consensus estimate for Centerra Gold's current full-year earnings is $0.86 per share. Raymond James also issued estimates for Centerra Gold's FY2024 earnings at $1.03 EPS, Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.16 EPS and FY2025 earnings at $0.67 EPS.

CG has been the subject of several other reports. National Bankshares upped their price objective on shares of Centerra Gold from C$11.25 to C$12.00 and gave the stock an "outperform" rating in a report on Monday, June 10th. Canaccord Genuity Group increased their price target on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. CIBC lowered shares of Centerra Gold from an "outperform" rating to a "neutral" rating and increased their price target for the stock from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Finally, Cibc World Mkts lowered shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Centerra Gold currently has a consensus rating of "Moderate Buy" and an average price target of C$11.77.

Centerra Gold Trading Up 3.9 %

CG traded up C$0.39 during trading on Thursday, hitting C$10.49. 1,461,833 shares of the stock traded hands, compared to its average volume of 754,236. The firm has a market capitalization of C$2.23 billion, a P/E ratio of 12.64, a price-to-earnings-growth 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 firm has a 50-day moving average of C$9.39 and a 200 day moving average of C$9.03. Centerra Gold has a 12-month low of C$6.07 and a 12-month high of C$10.54.

Centerra Gold (TSE:CG - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.31 earnings per share for the quarter, topping analysts' consensus estimates of C$0.22 by C$0.09. The firm had revenue of C$386.27 million during the quarter. Centerra Gold had a net margin of 10.69% and a return on equity of 7.98%.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Thursday, August 15th. Centerra Gold's payout ratio is presently 33.73%.

Insider Buying and Selling

In related news, Senior Officer Yousef Rehman sold 71,419 shares of the firm's stock in a transaction that occurred 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. 0.17% of the stock is currently owned by insiders.

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.