Q4 2024 Earnings Estimate for Centerra Gold Inc. (TSE:CG) Issued By Raymond James

Centerra Gold Inc. (TSE:CG) – Stock analysts at Raymond James boosted their Q4 2024 earnings per share (EPS) estimates for shares of Centerra Gold in a note issued to investors on Monday, September 23rd. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.26 per share for the quarter, up from their previous forecast of $0.19. The consensus estimate for Centerra Gold’s current full-year earnings is $0.86 per share.

Several other analysts have also recently issued reports on the company. Cibc World Mkts cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. National Bankshares increased their price target on Centerra Gold from C$11.25 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Canaccord Genuity Group boosted their price objective on Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd. Finally, CIBC lowered shares of Centerra Gold from an “outperform” rating to a “neutral” rating and upped their target price for the stock from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Centerra Gold presently has an average rating of “Moderate Buy” and an average target price of C$11.77.

Centerra Gold Stock Up 3.9 %

Shares of TSE:CG opened at C$10.49 on Wednesday. The firm has a market capitalization of C$2.23 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$10.54. 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’s 50-day moving average is C$9.39 and its two-hundred day moving average is C$9.03.

Centerra Gold (TSE:CG) last released its quarterly earnings results 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. Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%. The company had revenue of C$386.27 million for the quarter.

Insiders Place Their Bets

In other Centerra Gold news, Senior Officer Yousef Rehman sold 71,419 shares of the company’s stock in a transaction that occurred 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. 0.17% of the stock is currently owned by insiders.

Centerra Gold Dividend Announcement

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

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.