Q3 2021 EPS Estimates for Centerra Gold Inc. (TSE:CG) Decreased by Analyst

Centerra Gold Inc. (TSE:CG) – Stock analysts at Raymond James dropped their Q3 2021 earnings per share (EPS) estimates for Centerra Gold in a research report issued to clients and investors on Wednesday, October 13th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.14 per share for the quarter, down from their prior forecast of $0.16. Raymond James currently has a “Market Perform” rating and a $10.50 price target on the stock. Raymond James also issued estimates for Centerra Gold’s Q4 2021 earnings at $0.13 EPS, FY2021 earnings at $0.95 EPS, Q1 2022 earnings at $0.23 EPS, Q2 2022 earnings at $0.28 EPS, Q3 2022 earnings at $0.30 EPS, Q4 2022 earnings at $0.34 EPS and FY2022 earnings at $1.15 EPS.

Centerra Gold (TSE:CG) last posted its quarterly earnings results on Tuesday, August 10th. The company reported C$0.21 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.03. The company had revenue of C$248.52 million during the quarter.

CG has been the subject of several other research reports. CSFB raised their target price on Centerra Gold from C$9.50 to C$10.00 in a research note on Tuesday, July 13th. Scotiabank raised their target price on Centerra Gold from C$10.50 to C$11.00 in a research note on Thursday, July 15th. Credit Suisse Group raised their target price on Centerra Gold to C$10.00 and gave the stock a “na” rating in a research note on Tuesday, July 13th. Royal Bank of Canada reissued an “outperform” rating and set a C$14.00 target price on shares of Centerra Gold in a research note on Wednesday, August 11th. Finally, National Bank Financial raised their target price on Centerra Gold to C$12.00 and gave the stock an “outperform” rating in a research note on Friday, September 10th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$10.89.

CG stock opened at C$9.70 on Thursday. The business has a fifty day moving average of C$9.20 and a two-hundred day moving average of C$9.83. The company has a quick ratio of 4.58, a current ratio of 5.68 and a debt-to-equity ratio of 0.74. The stock has a market cap of C$2.88 billion and a price-to-earnings ratio of -6.02. Centerra Gold has a 52-week low of C$8.21 and a 52-week high of C$16.00.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 8th. Stockholders of record on Wednesday, August 25th were paid a $0.07 dividend. The ex-dividend date was Tuesday, August 24th. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.89%. Centerra Gold’s payout ratio is presently -9.79%.

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, Asia, and internationally. Its flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; the Mount Milligan gold-copper mine located in British Columbia, Canada; and the Ã-ksüt Gold Mine located in Turkey.

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Earnings History and Estimates for Centerra Gold (TSE:CG)

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