FY2024 Earnings Estimate for Centerra Gold Issued By Cormark

Centerra Gold Inc. (TSE:CG) – Analysts at Cormark lowered their FY2024 earnings estimates for shares of Centerra Gold in a report released on Tuesday, November 5th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $1.09 for the year, down from their prior forecast of $1.22. Cormark also issued estimates for Centerra Gold’s Q4 2024 earnings at $0.33 EPS.

Several other equities analysts have also weighed in on the stock. CIBC reduced their target price on shares of Centerra Gold from C$13.00 to C$12.50 in a report on Tuesday. Canaccord Genuity Group lifted their target price on shares of Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Raymond James dropped their price target on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday. Finally, Cibc World Mkts downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four 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 an average target price of C$11.71.

Centerra Gold Stock Performance

TSE:CG opened at C$8.65 on Thursday. The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of C$1.84 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 1.26 and a beta of 1.23. The firm’s fifty day simple moving average is C$9.60 and its 200 day simple moving average is C$9.33. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$10.59.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is presently 33.33%.

Insider Buying and Selling at Centerra Gold

In other news, Senior Officer Claudia D’orazio sold 29,388 shares of the company’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. In related news, Senior Officer Yousef Rehman sold 71,419 shares of the business’s 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 business’s 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 transaction of C$299,757.60. 0.21% of the stock is currently owned by company insiders.

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.