Centerra Gold FY2024 EPS Forecast Boosted by Raymond James

Centerra Gold Inc. (TSE:CG) – Analysts at Raymond James increased their FY2024 earnings per share estimates for Centerra Gold in a report issued on Wednesday, December 18th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.98 per share for the year, up from their previous estimate 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.

Several other research firms have also recently commented on CG. CIBC reduced their target price on Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Desjardins raised Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$11.37.

Centerra Gold Stock Performance

Shares of CG stock opened at C$8.18 on Friday. The company has a market cap of C$1.74 billion, a PE ratio of 9.74, a P/E/G ratio of 1.26 and a beta of 1.23. The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29. Centerra Gold has a 52 week low of C$6.07 and a 52 week high of C$10.59. The company’s fifty day simple moving average is C$8.91 and its 200-day simple moving average is C$9.24.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 3.42%. Centerra Gold’s dividend payout ratio is currently 33.33%.

Insider Buying and Selling

In other Centerra Gold news, Senior Officer Yousef Rehman sold 71,419 shares of Centerra Gold 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 transaction of C$716,332.57. Also, Senior Officer Claudia D’orazio sold 29,388 shares of Centerra Gold 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. 0.21% of the stock is owned by 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.