Cormark Comments on Centerra Gold’s FY2025 Earnings (TSE:CG)

Centerra Gold Inc. (TSE:CG) – Investment analysts at Cormark upped their FY2025 earnings estimates for Centerra Gold in a research report issued on Tuesday, November 5th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.99 for the year, up from their previous forecast of $0.89.

CG has been the topic of a number of other reports. Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. CIBC decreased their price objective on Centerra Gold from C$13.00 to C$12.50 in a report on Tuesday. Canaccord Genuity Group raised their target price on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. Cibc World Mkts lowered Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, Raymond James lowered their price target on Centerra Gold from C$13.00 to C$12.50 in a report on Monday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$11.71.

Centerra Gold Trading Down 1.7 %

Shares of Centerra Gold stock opened at C$8.65 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.79 and a quick ratio of 3.24. The stock’s 50 day simple moving average is C$9.60 and its 200-day simple moving average is C$9.33. The stock has a market cap of C$1.84 billion, a P/E ratio of 10.30, a P/E/G ratio of 1.26 and a beta of 1.23. Centerra Gold has a 1-year low of C$6.07 and a 1-year high of C$10.59.

Insider Activity 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 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 dated 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 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. Insiders own 0.21% of the company’s stock.

Centerra Gold Dividend Announcement

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

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.