Centerra Gold Inc. (TSE:CG) Forecasted to Post Q1 2024 Earnings of $0.23 Per Share

Centerra Gold Inc. (TSE:CG) – Desjardins issued their Q1 2024 earnings per share estimates for Centerra Gold in a research note issued on Tuesday, April 23rd. Desjardins analyst J. Sclodnick expects that the company will post earnings per share of $0.23 for the quarter. Desjardins has a “Buy” rating and a $11.75 price target on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.41 per share.

A number of other equities analysts also recently issued reports on the company. CIBC increased their price objective on Centerra Gold from C$9.50 to C$11.00 in a report on Monday, April 15th. Cormark decreased their price objective on Centerra Gold from C$11.50 to C$11.00 in a report on Monday, February 26th. BMO Capital Markets set a C$10.00 price objective on Centerra Gold and gave the stock an “outperform” rating in a report on Wednesday, February 21st. Raymond James increased their price objective on Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday. Finally, Canaccord Genuity Group raised their price target on Centerra Gold from C$10.75 to C$11.00 in a report on Tuesday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$10.57.

Centerra Gold Price Performance

CG opened at C$8.52 on Thursday. The stock has a fifty day simple moving average of C$7.72 and a two-hundred day simple moving average of C$7.54. The company has a current ratio of 3.25, a quick ratio of 3.24 and a debt-to-equity ratio of 1.45. The company has a market cap of C$1.84 billion, a price-to-earnings ratio of -16.38, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16. Centerra Gold has a 12-month low of C$6.07 and a 12-month high of C$9.82.

Centerra Gold (TSE:CG) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.38 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.01). The business had revenue of C$462.92 million during the quarter. Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 27th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.28 annualized dividend and a dividend yield of 3.29%. Centerra Gold’s dividend payout ratio (DPR) is presently -53.85%.

Insider Activity at Centerra Gold

In related news, Senior Officer Darren Millman sold 110,274 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$6.96, for a total transaction of C$766,955.67. 0.38% of the stock is currently owned by insiders.

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, 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.