National Bank Financial Estimates Centerra Gold Q3 Earnings

Centerra Gold Inc. (TSE:CG) – Stock analysts at National Bank Financial issued their Q3 2024 EPS estimates for Centerra Gold in a research note issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin anticipates that the company will post earnings per share of $0.28 for the quarter. The consensus estimate for Centerra Gold’s current full-year earnings is $0.86 per share.

Several other research firms also recently weighed in on CG. Cibc World Mkts downgraded Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. CIBC downgraded Centerra Gold from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from C$11.00 to C$13.00 in a research report on Wednesday, July 10th. Raymond James decreased their target price on Centerra Gold from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research report on Monday, September 30th. Finally, Canaccord Genuity Group lifted their target price on Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Centerra Gold currently has a consensus rating of “Moderate Buy” and an average price target of C$11.83.

Centerra Gold Stock Up 0.9 %

TSE CG opened at C$10.39 on Thursday. The company has a quick ratio of 3.24, a current ratio of 3.79 and a debt-to-equity ratio of 1.29. The company has a fifty day moving average of C$9.65 and a two-hundred day moving average of C$9.27. The firm has a market capitalization of C$2.21 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold has a 52 week low of C$6.07 and a 52 week high of C$10.59.

Centerra Gold (TSE:CG) last posted its earnings results on Thursday, August 1st. The company reported C$0.31 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.09. Centerra Gold had a net margin of 10.69% and a return on equity of 7.98%. The firm had revenue of C$386.27 million during the quarter.

Insider Transactions at Centerra Gold

In other news, Senior Officer Claudia D’orazio sold 29,388 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$10.20, for a total transaction of C$299,757.60. In related 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 stock was sold at an average price of C$10.20, for a total value of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of the company’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. Insiders own 0.21% of the company’s stock.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.69%. Centerra Gold’s payout ratio is 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.