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

Centerra Gold Inc. (TSE:CG) – Investment analysts at Desjardins issued their Q1 2024 earnings per share (EPS) estimates for Centerra Gold in a research report issued to clients and investors on Tuesday, April 23rd. Desjardins analyst J. Sclodnick anticipates that the company will earn $0.23 per share for the quarter. Desjardins has a “Buy” rating and a $11.75 price objective on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.41 per share.

Centerra Gold (TSE:CG) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share (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 for the quarter. Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%.

Several other research firms also recently weighed in on CG. Raymond James raised their target price on Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday. Cormark decreased their target price on Centerra Gold from C$11.50 to C$11.00 in a research report on Monday, February 26th. National Bank Financial restated an “outperform overweight” rating on shares of Centerra Gold in a research report on Monday, April 8th. National Bankshares raised their target price on Centerra Gold from C$10.50 to C$11.00 in a research report on Friday, April 19th. Finally, CIBC raised their target price on Centerra Gold from C$9.50 to C$11.00 in a research report on Monday, April 15th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$10.57.

Centerra Gold Stock Performance

Shares of CG stock opened at C$8.52 on Thursday. The company has a market capitalization of C$1.84 billion, a P/E ratio of -16.38, a P/E/G ratio of 1.26 and a beta of 1.16. The business’s 50 day moving average is C$7.72 and its two-hundred day moving average is C$7.54. Centerra Gold has a 12-month low of C$6.07 and a 12-month high of C$9.82. The company has a current ratio of 3.25, a quick ratio of 3.24 and a debt-to-equity ratio of 1.45.

Centerra Gold Dividend Announcement

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

Insiders Place Their Bets

In other Centerra Gold news, Senior Officer Darren Millman sold 110,274 shares of the firm’s 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 owned by insiders.

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.