Cormark Issues Optimistic Outlook for Centerra Gold Earnings

Centerra Gold Inc. (TSE:CG - Free Report) - Cormark boosted their Q1 2025 EPS estimates for shares of Centerra Gold in a report released on Tuesday, April 22nd. Cormark analyst R. Gray now expects that the company will post earnings of $0.15 per share for the quarter, up from their prior forecast of $0.13. Cormark has a "Hold" rating on the stock.

Several other analysts have also recently commented on CG. Royal Bank of Canada lowered their target price on Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. National Bank Financial raised Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. Desjardins downgraded shares of Centerra Gold from a "buy" rating to a "hold" rating and reduced their price objective for the stock from C$12.75 to C$11.00 in a report on Thursday, February 13th. TD Securities lowered their target price on shares of Centerra Gold from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Finally, Raymond James upped their price target on shares of Centerra Gold from C$12.00 to C$13.50 in a research note on Friday, April 4th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$12.09.

Centerra Gold Stock Performance

Shares of CG remained flat at C$9.18 during mid-day trading on Wednesday. The stock had a trading volume of 187,155 shares, compared to its average volume of 744,919. 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's 50 day simple moving average is C$8.77 and its 200-day simple moving average is C$8.81. The company has a market cap of C$1.38 billion, a PE ratio of 13.30, a P/E/G ratio of 1.26 and a beta of 1.23. Centerra Gold has a 52 week low of C$7.72 and a 52 week high of C$10.59.

Insider Buying and Selling at Centerra Gold

In related news, Senior Officer Claudia D'orazio sold 3,831 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total value of C$31,720.68. Also, Director Paul Botond Stilicho Tomory sold 8,563 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total transaction of C$70,901.64. 0.21% of the stock is owned by corporate insiders.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.28 annualized dividend and a yield of 3.05%. Centerra Gold's dividend payout ratio (DPR) is 40.58%.

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.