Scotiabank Decreases Earnings Estimates for Centerra Gold

Key Points

• Scotiabank lowered Centerra Gold’s FY2026 EPS estimate to $2.16 from $2.18 and forecast FY2027 EPS of $1.83.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average target price of C$31.43; recent analysts raised several price targets.
• Centerra Gold shares traded at C$30.64, while the company reported C$629 million in quarterly revenue and C$0.55 EPS in its latest results and maintains a quarterly dividend of C$0.07.

Centerra Gold Inc. (TSE:CG - Free Report) - Scotiabank decreased their FY2026 earnings per share (EPS) estimates for shares of Centerra Gold in a research note issued to investors on Thursday, October 1st. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $2.16 for the year, down from their previous forecast of $2.18. Scotiabank also issued estimates for Centerra Gold's FY2027 earnings at $1.83 EPS.

Several other research analysts also recently weighed in on the stock. ATB Cormark Capital Markets lifted their target price on shares of Centerra Gold from C$26.00 to C$27.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce raised their price objective on shares of Centerra Gold from C$37.00 to C$38.00 in a research note on Thursday, July 30th. Raymond James Financial raised their price objective on shares of Centerra Gold from C$28.00 to C$29.00 and gave the stock a "market perform" rating in a research note on Thursday, July 30th. Finally, TD lifted their price objective on shares of Centerra Gold from C$31.00 to C$32.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$31.43.

Centerra Gold Trading Up 0.1%

TSE:CG opened at C$30.64 on Monday. The stock has a fifty day simple moving average of C$30.22 and a 200 day simple moving average of C$26.08. The firm has a market capitalization of C$5.99 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 1.26 and a beta of 1.96. Centerra Gold has a 1-year low of C$14.65 and a 1-year high of C$33.94. The company has a quick ratio of 3.24, a current ratio of 2.42 and a debt-to-equity ratio of 2.11.

Centerra Gold (TSE:CG - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported C$0.55 earnings per share (EPS) for the quarter. Centerra Gold had a return on equity of 30.90% and a net margin of 37.72%.The company had revenue of C$629.00 million for the quarter.

Insider Transactions at Centerra Gold

In related news, Director Wendy Wai Ting Kei acquired 1,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average cost of C$29.76 per share, with a total value of C$29,760.00. Following the completion of the transaction, the director owned 5,172 shares of the company's stock, valued at approximately C$153,918.72. This trade represents a 23.97% increase in their position. Also, insider Yousef Rehman sold 57,636 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of C$33.50, for a total transaction of C$1,930,806.00. Following the completion of the transaction, the insider owned 77,918 shares in the company, valued at approximately C$2,610,253. This represents a 42.52% decrease in their position. 0.21% of the stock is owned by corporate insiders.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were issued a $0.07 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. Centerra Gold's dividend payout ratio is currently 6.45%.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada.

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