FY2027 EPS Estimates for Centerra Gold Reduced by Scotiabank

Centerra Gold Inc. (TSE:CG) – Analysts at Scotiabank decreased their FY2027 EPS estimates for Centerra Gold in a research note issued on Tuesday, July 7th. Scotiabank analyst O. Habib now expects that the company will post earnings of $1.62 per share for the year, down from their previous estimate of $1.99.

Centerra Gold (TSE:CG) last announced its earnings results on Wednesday, April 29th. The company reported C$0.61 EPS for the quarter. Centerra Gold had a net margin of 41.28% and a return on equity of 32.55%. The business had revenue of C$673.87 million during the quarter.

A number of other equities research analysts also recently issued reports on the stock. Desjardins boosted their price objective on shares of Centerra Gold from C$30.00 to C$33.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada lifted their target price on Centerra Gold from C$22.00 to C$31.00 in a research report on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$27.36.

Centerra Gold Trading Down 3.4%

Shares of Centerra Gold stock opened at C$22.19 on Thursday. The company’s fifty day simple moving average is C$23.40 and its 200-day simple moving average is C$23.97. The stock has a market capitalization of C$4.41 billion, a PE ratio of 7.16, a P/E/G ratio of 1.26 and a beta of 1.83. Centerra Gold has a 1-year low of C$9.25 and a 1-year high of C$28.97. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.41 and a quick ratio of 3.24.

Insider Buying and Selling

In other news, Director Paul Nicholas Wright bought 5,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of C$22.31 per share, for a total transaction of C$111,550.00. Following the purchase, the director owned 130,000 shares in the company, valued at approximately C$2,900,300. The trade was a 4.00% increase in their ownership of the stock. Also, Director Eric Dell sold 1,220 shares of Centerra Gold stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of C$22.92, for a total transaction of C$27,962.40. In the last 90 days, insiders have sold 10,252 shares of company stock worth $235,442. 0.21% of the stock is owned by company insiders.

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, June 4th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, May 21st. Centerra Gold’s dividend payout ratio is currently 6.52%.

About Centerra Gold

Centerra Gold Inc is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Goldfield District Project in Nevada, United States, the Kemess Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada.