Research Analysts Issue Forecasts for Centerra Gold Inc.'s FY2024 Earnings (TSE:CG)

Centerra Gold Inc. (TSE:CG - Free Report) - Equities researchers at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for shares of Centerra Gold in a report issued on Tuesday, May 14th. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $0.68 for the year, up from their previous forecast of $0.07. National Bank Financial has a "Outperform Overweight" rating on the stock. The consensus estimate for Centerra Gold's current full-year earnings is $0.71 per share. National Bank Financial also issued estimates for Centerra Gold's FY2025 earnings at $0.63 EPS and FY2026 earnings at $0.55 EPS.

Other research analysts have also recently issued reports about the stock. CIBC boosted their price objective on shares of Centerra Gold from C$9.50 to C$11.00 in a report on Monday, April 15th. Bank of America increased their price objective on shares of Centerra Gold from C$7.55 to C$8.50 in a research report on Tuesday, April 9th. BMO Capital Markets set a C$10.00 target price on Centerra Gold and gave the company an "outperform" rating in a research note on Wednesday, February 21st. Cormark boosted their price objective on Centerra Gold from C$13.00 to C$13.90 in a report on Wednesday. Finally, National Bankshares increased their target price on Centerra Gold from C$10.50 to C$11.00 in a research note on Friday, April 19th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$10.97.

Centerra Gold Trading Up 3.7 %

Shares of Centerra Gold stock traded up C$0.35 during trading on Friday, reaching C$9.83. The company's stock had a trading volume of 1,729,820 shares, compared to its average volume of 546,909. The company has a quick ratio of 3.24, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. The company has a market cap of C$2.12 billion, a price-to-earnings ratio of -18.23, a PEG ratio of 1.26 and a beta of 1.19. The firm's 50-day moving average is C$8.28 and its two-hundred day moving average is C$7.76. Centerra Gold has a 52-week low of C$6.07 and a 52-week high of C$9.94.

Centerra Gold (TSE:CG - Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share for the quarter, missing analysts' consensus estimates of C$0.39 by C($0.01). The business had revenue of C$462.92 million during the quarter. Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%.

Insiders Place Their Bets

In other news, Senior Officer Darren Millman sold 110,274 shares of the company's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$6.96, for a total value of C$766,955.67. 0.23% of the stock is currently owned by insiders.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, June 12th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, May 29th. Centerra Gold's dividend payout ratio (DPR) is currently -53.85%.

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.