FY2024 EPS Estimates for Centerra Gold Boosted by Scotiabank

Centerra Gold Inc. (TSE:CG) – Analysts at Scotiabank boosted their FY2024 earnings estimates for shares of Centerra Gold in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $1.08 for the year, up from their prior estimate of $0.94. Scotiabank also issued estimates for Centerra Gold’s FY2026 earnings at $0.91 EPS.

Other analysts also recently issued research reports about the stock. Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Raymond James cut their price objective on Centerra Gold from C$13.00 to C$12.50 in a research report on Monday, November 4th. Royal Bank of Canada decreased their target price on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday. Finally, CIBC dropped their price target on shares of Centerra Gold from C$12.50 to C$9.80 in a research report on Monday, December 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Centerra Gold has an average rating of “Moderate Buy” and an average price target of C$11.28.

Centerra Gold Price Performance

TSE:CG opened at C$8.40 on Friday. The stock has a 50 day moving average of C$8.41 and a two-hundred day moving average of C$9.11. Centerra Gold has a 12 month low of C$6.07 and a 12 month high of C$10.59. 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 cap of C$1.79 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is currently 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.