Analysts Issue Forecasts for Centerra Gold FY2024 Earnings

Centerra Gold Inc. (TSE:CG) – National Bank Financial cut their FY2024 earnings per share (EPS) estimates for shares of Centerra Gold in a report issued on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $0.96 per share for the year, down from their prior estimate of $1.09. National Bank Financial also issued estimates for Centerra Gold’s Q4 2024 earnings at $0.19 EPS and FY2025 earnings at $0.76 EPS.

A number of other research analysts also recently issued reports on CG. Raymond James dropped their price objective on Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. Desjardins raised Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Royal Bank of Canada dropped their price objective on Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Finally, CIBC dropped their price objective on Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$11.28.

Centerra Gold Stock Up 0.3 %

Shares of TSE:CG opened at C$9.51 on Wednesday. The company has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 1.26 and a beta of 1.23. 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 business’s 50-day moving average is C$8.59 and its 200-day moving average is C$9.05. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$10.59.

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.