Analysts Offer Predictions for Centerra Gold Inc.’s FY2024 Earnings (TSE:CG)

Centerra Gold Inc. (TSE:CG) – Equities research analysts at Raymond James raised their FY2024 earnings per share estimates for Centerra Gold in a research report issued on Tuesday, July 2nd. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.84 per share for the year, up from their prior forecast of $0.82. The consensus estimate for Centerra Gold’s current full-year earnings is $0.89 per share. Raymond James also issued estimates for Centerra Gold’s FY2025 earnings at $0.23 EPS.

Centerra Gold (TSE:CG) last announced its quarterly earnings results on Tuesday, May 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). Centerra Gold had a net margin of 4.99% and a return on equity of 3.40%. The business had revenue of C$412.37 million for the quarter.

A number of other research firms also recently weighed in on CG. CIBC increased their target price on Centerra Gold from C$9.50 to C$11.00 in a report on Monday, April 15th. National Bank Financial reissued an “outperform overweight” rating on shares of Centerra Gold in a report on Monday, April 8th. National Bankshares increased their target price on Centerra Gold from C$11.25 to C$12.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Canaccord Genuity Group upped their price target on Centerra Gold from C$10.75 to C$11.00 in a research report on Tuesday, April 23rd. Finally, Cormark upped their price target on Centerra Gold from C$13.00 to C$13.90 in a research report on Wednesday, May 15th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$11.07.

Centerra Gold Price Performance

CG stock opened at C$9.20 on Thursday. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$10.25. The business’s 50-day moving average is C$9.25 and its two-hundred day moving average is C$8.17. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.22. The company has a market cap of C$1.97 billion, a price-to-earnings ratio of 25.56, a P/E/G ratio of 1.26 and a beta of 1.19.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, June 12th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Wednesday, May 29th. Centerra Gold’s dividend payout ratio is currently 77.78%.

Insider Buying and Selling

In other Centerra Gold news, Director Craig Stephen Macdougall bought 10,500 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of C$9.56 per share, for a total transaction of C$100,330.65. Over the last 90 days, insiders acquired 11,012 shares of company stock worth $105,101. 0.23% of the stock is owned by corporate insiders.

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.