Analysts Set Expectations for Centerra Gold FY2024 Earnings

Centerra Gold Inc. (TSE:CG) – Equities research analysts at Scotiabank boosted their FY2024 earnings per share estimates for Centerra Gold in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will post earnings of $1.08 per share for the year, up from their prior forecast of $0.94. Scotiabank also issued estimates for Centerra Gold’s FY2026 earnings at $0.91 EPS.

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

Centerra Gold Stock Up 0.7 %

Shares of TSE CG opened at C$8.47 on Friday. 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 quick ratio of 3.24 and a current ratio of 3.79. The company’s 50 day moving average price is C$8.42 and its 200-day moving average price is C$9.12. The company has a market capitalization of C$1.80 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.31%. Centerra Gold’s dividend payout ratio 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.