Equities Analysts Issue Forecasts for Centerra Gold Inc.’s Q3 2024 Earnings (TSE:CG)

Centerra Gold Inc. (TSE:CG) – Stock analysts at Cormark boosted their Q3 2024 earnings per share (EPS) estimates for shares of Centerra Gold in a note issued to investors on Tuesday, August 6th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.36 for the quarter, up from their prior estimate of $0.30. The consensus estimate for Centerra Gold’s current full-year earnings is $0.89 per share. Cormark also issued estimates for Centerra Gold’s Q4 2024 earnings at $0.36 EPS, FY2024 earnings at $1.22 EPS and FY2025 earnings at $0.89 EPS.

Centerra Gold (TSE:CG) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.02). The company had revenue of C$412.37 million during the quarter. Centerra Gold had a net margin of 4.99% and a return on equity of 3.40%.

Other equities analysts have also recently issued reports about the company. Raymond James increased their target price on Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, April 23rd. National Bankshares increased their target price on Centerra Gold from C$11.25 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Canaccord Genuity Group increased their target price on Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. Cibc World Mkts downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, CIBC lowered shares of Centerra Gold from an “outperform” rating to a “neutral” rating and raised their price target for the company from C$11.00 to C$13.00 in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$11.46.

Centerra Gold Stock Performance

Shares of CG opened at C$8.99 on Wednesday. Centerra Gold has a one year low of C$6.07 and a one year high of C$10.25. The company has a market cap of C$1.93 billion, a PE ratio of 24.97, a P/E/G ratio of 1.26 and a beta of 1.19. The stock has a 50-day moving average of C$9.29 and a 200-day moving average of C$8.43. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.22 and a quick ratio of 3.24.

Insider Buying and Selling

In related news, Director Craig Stephen Macdougall bought 10,500 shares of Centerra Gold stock in a transaction dated Thursday, May 30th. The stock was purchased at an average cost of C$9.56 per share, with a total value of C$100,330.65. Over the last 90 days, insiders purchased 11,012 shares of company stock worth $105,101. Insiders own 0.23% of the company’s stock.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 29th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.28 annualized dividend and a yield of 3.11%. Centerra Gold’s payout ratio is currently 77.78%.

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.