FY2024 EPS Estimates for Centerra Gold Reduced by Desjardins

Centerra Gold Inc. (TSE:CG) – Stock analysts at Desjardins decreased their FY2024 EPS estimates for shares of Centerra Gold in a research report issued to clients and investors on Thursday, February 13th. Desjardins analyst A. Carson now expects that the company will post earnings per share of $0.97 for the year, down from their previous forecast of $1.11. Desjardins has a “Hold” rating and a $11.00 price objective on the stock. Desjardins also issued estimates for Centerra Gold’s Q4 2024 earnings at $0.20 EPS, Q4 2024 earnings at $0.20 EPS and FY2024 earnings at $0.97 EPS.

Other analysts have also recently issued research reports about the stock. Raymond James lowered their price objective on shares of Centerra Gold from C$13.00 to C$12.50 in a research report on Monday, November 4th. CIBC decreased their target price on shares of Centerra Gold from C$12.50 to C$9.80 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada decreased their target price on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Centerra Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$11.24.

Centerra Gold Stock Performance

Centerra Gold stock opened at C$9.14 on Monday. The firm’s fifty day moving average price is C$8.65 and its 200-day moving average price is C$9.05. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The stock has a market cap of C$1.37 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. Centerra Gold has a fifty-two week low of C$6.53 and a fifty-two week high of C$10.59.

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.