FY2024 EPS Estimates for Centerra Gold Reduced by Desjardins

Centerra Gold Inc. (TSE:CG) – Stock analysts at Desjardins decreased their FY2024 earnings per share (EPS) estimates for shares of Centerra Gold in a report released on Thursday, February 13th. Desjardins analyst A. Carson now anticipates that the company will post earnings of $0.97 per share for the year, down from their previous estimate of $1.11. Desjardins currently has a “Hold” rating and a $11.00 target price on the stock. Desjardins also issued estimates for Centerra Gold’s Q4 2024 earnings at $0.20 EPS, Q4 2024 earnings at $0.20 EPS and FY2024 earnings at $0.97 EPS.

Other equities research analysts have also recently issued reports about the company. Raymond James lowered their target price on Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th. Royal Bank of Canada lowered their target price on Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. Finally, CIBC lowered their target price on Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Three equities research 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.24.

Centerra Gold Stock Performance

Shares of Centerra Gold stock opened at C$9.04 on Monday. The stock’s fifty day moving average is C$8.64 and its two-hundred day moving average is C$9.05. The company has a market capitalization of C$1.36 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. Centerra Gold has a 52 week low of C$6.53 and a 52 week high of C$10.59.

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.