Research Analysts Set Expectations for Centerra Gold Inc.’s Q1 2024 Earnings (TSE:CG)

Centerra Gold Inc. (TSE:CG) – Equities research analysts at Cormark decreased their Q1 2024 earnings estimates for Centerra Gold in a research report issued on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.18 per share for the quarter, down from their prior forecast of $0.46. The consensus estimate for Centerra Gold’s current full-year earnings is $0.41 per share.

CG has been the topic of several other research reports. Canaccord Genuity Group upped their price objective on shares of Centerra Gold from C$10.75 to C$11.00 in a research note on Tuesday. National Bank Financial reiterated an “outperform overweight” rating on shares of Centerra Gold in a research note on Monday, April 8th. Desjardins dropped their price objective on shares of Centerra Gold from C$12.00 to C$11.75 and set a “buy” rating on the stock in a research note on Tuesday, January 9th. Bank of America upped their price objective on shares of Centerra Gold from C$7.55 to C$8.50 in a research note on Tuesday, April 9th. Finally, BMO Capital Markets set a C$10.00 price objective on shares of Centerra Gold and gave the company an “outperform” rating in a research note on Wednesday, February 21st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$10.57.

Centerra Gold Stock Up 4.2 %

CG stock opened at C$8.65 on Wednesday. The firm has a market capitalization of C$1.86 billion, a P/E ratio of -16.63, a P/E/G ratio of 1.26 and a beta of 1.16. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 3.24. The company’s 50 day simple moving average is C$7.68 and its 200-day simple moving average is C$7.53. Centerra Gold has a 52-week low of C$6.07 and a 52-week high of C$9.82.

Centerra Gold (TSE:CG) last released 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). Centerra Gold had a negative net margin of 7.42% and a negative return on equity of 4.66%. The firm had revenue of C$462.92 million for the quarter.

Insiders Place Their Bets

In related news, Senior Officer Darren Millman sold 110,274 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$6.96, for a total transaction of C$766,955.67. Insiders own 0.38% of the company’s stock.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 27th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Tuesday, March 12th. Centerra Gold’s dividend payout ratio is -53.85%.

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.