Cormark Has Optimistic View of Centerra Gold FY2025 Earnings

Key Points

• Cormark has raised its FY2025 earnings per share estimate for Centerra Gold from $0.92 to $0.97, reflecting increased optimism for the company's performance.
• Centerra Gold's quarterly dividend of $0.07 per share will be paid on September 4th, 2023, representing an annualized yield of 2.9%.
• Despite mixed ratings from analysts, the average consensus target price for Centerra Gold is C$11.76, indicating a moderate buy outlook.

Centerra Gold Inc. (TSE:CG - Free Report) - Investment analysts at Cormark upped their FY2025 earnings per share estimates for shares of Centerra Gold in a research note issued on Monday, August 11th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.97 for the year, up from their previous estimate of $0.92. Cormark also issued estimates for Centerra Gold's Q4 2025 earnings at $0.33 EPS and FY2027 earnings at $1.78 EPS.

A number of other brokerages have also weighed in on CG. Royal Bank Of Canada boosted their price objective on shares of Centerra Gold from C$12.00 to C$13.00 in a report on Wednesday, June 4th. Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Finally, BMO Capital Markets cut Centerra Gold from a "strong-buy" rating to a "hold" rating and dropped their price objective for the company from C$14.00 to C$10.00 in a research report on Friday. Four analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Centerra Gold has an average rating of "Moderate Buy" and a consensus target price of C$11.76.

Centerra Gold Price Performance

Shares of CG opened at C$9.71 on Tuesday. Centerra Gold has a fifty-two week low of C$7.72 and a fifty-two week high of C$10.59. The firm's 50-day simple moving average is C$9.89 and its two-hundred day simple moving average is C$9.35. The stock has a market cap of C$1.46 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, August 21st. Centerra Gold's payout ratio is presently 40.58%.

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.

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