FY2025 EPS Estimates for Centerra Gold Lifted by Analyst

Key Points

• Desjardins analysts have raised their FY2025 earnings estimate for Centerra Gold from $1.04 to $1.19 per share.
• Centerra Gold's stock has recently seen price target adjustments from several firms, with Canaccord Genuity increasing their target from C$16.00 to C$19.50.
• The company declared a quarterly dividend of $0.07 per share, representing an annualized yield of 1.8%.

Centerra Gold Inc. (TSE:CG - Free Report) - Equities researchers at Desjardins lifted their FY2025 earnings estimates for Centerra Gold in a research report issued on Wednesday, October 1st. Desjardins analyst A. Carson now expects that the company will post earnings of $1.19 per share for the year, up from their prior estimate of $1.04. Desjardins also issued estimates for Centerra Gold's FY2026 earnings at $1.55 EPS.

A number of other research firms have also issued reports on CG. Canaccord Genuity Group increased their target price on shares of Centerra Gold from C$16.00 to C$19.50 in a report on Thursday. Royal Bank Of Canada downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating and increased their price objective for the company from C$13.00 to C$14.00 in a research report on Wednesday, September 10th. Raymond James Financial increased their price objective on shares of Centerra Gold from C$13.00 to C$13.50 in a research report on Thursday, August 21st. Finally, BMO Capital Markets increased their price objective on shares of Centerra Gold from C$10.00 to C$14.00 in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$13.35.

Centerra Gold Stock Up 0.3%

CG stock opened at C$15.85 on Monday. The stock has a market capitalization of C$3.22 billion, a P/E ratio of 46.62, a P/E/G ratio of 1.26 and a beta of 1.55. Centerra Gold has a 52 week low of C$7.72 and a 52 week high of C$16.13. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. The firm has a 50-day simple moving average of C$11.63 and a 200-day simple moving average of C$10.25.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, September 4th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, August 21st. Centerra Gold's dividend payout ratio (DPR) is currently 59.31%.

About Centerra Gold

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.