FY2024 EPS Estimates for Centerra Gold Decreased by Analyst

Centerra Gold Inc. (TSE:CG) – Equities researchers at National Bank Financial dropped 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 forecast of $1.24. National Bank Financial also issued estimates for Centerra Gold’s FY2025 earnings at $1.28 EPS.

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

CG has been the subject of a number of other reports. Raymond James decreased their price objective on shares of Centerra Gold from C$13.50 to C$13.00 and set an “outperform” rating for the company in a report on Monday, September 30th. CIBC lowered Centerra Gold from an “outperform” rating to a “neutral” rating and increased their price objective for the company from C$11.00 to C$13.00 in a report on Wednesday, July 10th. Cibc World Mkts downgraded Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, Canaccord Genuity Group upped their target price on Centerra Gold from C$11.50 to C$12.50 in a research 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 a consensus rating of “Moderate Buy” and an average target price of C$11.83.

Centerra Gold Price Performance

The firm has a market cap of C$2.14 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The business’s 50 day simple moving average is C$9.65 and its two-hundred day simple moving average is C$9.27. The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29. Centerra Gold has a 12 month low of C$6.07 and a 12 month high of C$10.59.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of ?. The ex-dividend date of this dividend was Thursday, August 15th. Centerra Gold’s dividend payout ratio (DPR) is currently 33.33%.

Insiders Place Their Bets

In other news, Senior Officer Yousef Rehman sold 71,419 shares of the firm’s stock in a transaction 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. In other news, Senior Officer Yousef Rehman sold 71,419 shares of the company’s stock in a transaction dated 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 stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$10.20, for a total transaction of C$299,757.60. Company insiders own 0.21% of the company’s stock.

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.