FY2024 EPS Estimates for Centerra Gold Boosted by Scotiabank

Centerra Gold Inc. (TSE:CG) – Investment analysts at Scotiabank raised their FY2024 earnings per share estimates for shares of Centerra Gold in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will earn $1.08 per share for the year, up from their prior estimate of $0.94. Scotiabank also issued estimates for Centerra Gold’s FY2026 earnings at $0.91 EPS.

Several other analysts have also issued reports on the stock. CIBC reduced their price target on shares of Centerra Gold from C$12.50 to C$9.80 in a research report on Monday, December 2nd. Desjardins upgraded Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Royal Bank of Canada dropped their price objective on Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday. Finally, Raymond James decreased their target price on Centerra Gold from C$13.00 to C$12.50 in a research report on Monday, November 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Centerra Gold has a consensus rating of “Moderate Buy” and an average target price of C$11.28.

Centerra Gold Trading Up 0.7 %

Shares of Centerra Gold stock opened at C$8.47 on Friday. The firm’s 50-day moving average price is C$8.42 and its two-hundred day moving average price is C$9.12. The company has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 1.26 and a beta of 1.23. The company has a quick ratio of 3.24, a current ratio of 3.79 and a debt-to-equity ratio of 1.29. Centerra Gold has a 12-month low of C$6.07 and a 12-month high of C$10.59.

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th were issued a $0.07 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.28 dividend on an annualized basis and a yield of 3.31%. Centerra Gold’s dividend payout ratio (DPR) is presently 33.33%.

Centerra Gold Company Profile

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.