Cormark Comments on Centerra Gold’s FY2024 Earnings (TSE:CG)

Centerra Gold Inc. (TSE:CG) – Analysts at Cormark reduced their FY2024 EPS estimates for Centerra Gold in a research report issued to clients and investors on Tuesday, November 5th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $1.09 for the year, down from their prior forecast of $1.22. Cormark also issued estimates for Centerra Gold’s Q4 2024 earnings at $0.33 EPS.

Other analysts have also issued reports about the stock. Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Raymond James lowered their target price on Centerra Gold from C$13.00 to C$12.50 in a research note on Monday. Canaccord Genuity Group raised their price target on Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd. Finally, CIBC lowered their price objective on Centerra Gold from C$13.00 to C$12.50 in a research report on Tuesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$11.71.

Centerra Gold Price Performance

Shares of Centerra Gold stock opened at C$8.99 on Thursday. The stock has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a fifty day moving average of C$9.58 and a 200-day moving average of C$9.34. Centerra Gold has a 52-week low of C$6.07 and a 52-week high of C$10.59. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 3.11%. Centerra Gold’s dividend payout ratio (DPR) is presently 33.33%.

Insider Activity at Centerra Gold

In related news, Senior Officer Yousef Rehman sold 71,419 shares of Centerra Gold stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total value of C$716,332.57. In other Centerra Gold news, Senior Officer Yousef Rehman sold 71,419 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were 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 Centerra Gold 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. 0.21% of the stock is owned by corporate 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.