FY2024 EPS Estimate for Centerra Gold Decreased by Analyst

Centerra Gold Inc. (TSE:CG - Free Report) - Stock analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for shares of Centerra Gold in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings per share of $1.19 for the year, down from their prior estimate of $1.24. The consensus estimate for Centerra Gold's current full-year earnings is $0.86 per share. National Bank Financial also issued estimates for Centerra Gold's FY2025 earnings at $1.28 EPS.

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

Several other analysts also recently issued reports on CG. CIBC downgraded Centerra Gold from an "outperform" rating to a "neutral" rating and upped their price target for the stock from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Raymond James decreased their target price on Centerra Gold from C$13.50 to C$13.00 and set an "outperform" rating for the company in a research report on Monday, September 30th. Cibc World Mkts lowered shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 10th. Finally, Canaccord Genuity Group upped their price objective on shares of Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$11.83.

Centerra Gold Price Performance

The business has a 50 day simple moving average of C$9.65 and a 200 day simple moving average of C$9.27. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$10.59. The company has a market capitalization of C$2.14 billion, a P/E ratio of 12.37, 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.

Insider Activity

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

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders 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 yield of ∞. The ex-dividend date was Thursday, August 15th. Centerra Gold's payout ratio is 33.33%.

About Centerra Gold

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.