Centerra Gold FY2024 EPS Forecast Increased by Raymond James

Centerra Gold Inc. (TSE:CG) – Raymond James raised their FY2024 earnings per share (EPS) estimates for Centerra Gold in a note issued to investors on Wednesday, December 18th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.98 for the year, up from their prior forecast of $0.94. Raymond James also issued estimates for Centerra Gold’s Q4 2024 earnings at $0.21 EPS and Q3 2025 earnings at $0.11 EPS.

A number of other research analysts have also recently commented on CG. CIBC lowered their price target on Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Centerra Gold presently has an average rating of “Moderate Buy” and a consensus price target of C$11.37.

Centerra Gold Stock Performance

TSE CG opened at C$8.16 on Friday. The company has a quick ratio of 3.24, a current ratio of 3.79 and a debt-to-equity ratio of 1.29. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$10.59. The business has a 50-day moving average price of C$8.94 and a 200-day moving average price of C$9.25. The firm has a market cap of C$1.74 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Wednesday, November 13th. Centerra Gold’s payout ratio is 33.33%.

Insider Transactions at Centerra Gold

In other news, Senior Officer Yousef Rehman sold 71,419 shares of the firm’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 value of C$716,332.57. Also, Senior Officer Claudia D’orazio sold 29,388 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total value of C$299,757.60. 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.