Raymond James Weighs in on Centerra Gold Inc.’s Q4 2024 Earnings (TSE:CG)

Centerra Gold Inc. (TSE:CG) – Research analysts at Raymond James increased their Q4 2024 EPS estimates for shares of Centerra Gold in a report issued on Monday, September 23rd. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.26 for the quarter, up from their prior estimate of $0.19. The consensus estimate for Centerra Gold’s current full-year earnings is $0.86 per share.

Centerra Gold (TSE:CG) last posted its earnings results on Thursday, August 1st. The company reported C$0.31 earnings per share for the quarter, beating the consensus estimate of C$0.22 by C$0.09. The company had revenue of C$386.27 million for the quarter. Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%.

CG has been the topic of a number of other research reports. CIBC lowered Centerra Gold from an “outperform” rating to a “neutral” rating and upped their target price for the company from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Cibc World Mkts lowered Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Canaccord Genuity Group boosted their target price on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. Finally, National Bankshares raised their price target on shares of Centerra Gold from C$11.25 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$11.77.

Centerra Gold Price Performance

Shares of TSE CG opened at C$10.49 on Wednesday. The company’s 50-day moving average price is C$9.39 and its 200 day moving average price is C$9.03. The stock has a market cap of C$2.23 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold has a 52 week low of C$6.07 and a 52 week high of C$10.54. The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Thursday, August 15th. Centerra Gold’s dividend payout ratio is currently 33.73%.

Insider Transactions at Centerra Gold

In related news, Senior Officer Yousef Rehman sold 71,419 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total value of C$716,332.57. Insiders own 0.17% of the company’s stock.

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.