Centerra Gold Inc. (TSE:CG) Forecasted to Post Q4 2023 Earnings of $0.45 Per Share

Centerra Gold Inc. (TSE:CGFree Report) – Stock analysts at Desjardins issued their Q4 2023 earnings estimates for Centerra Gold in a research note issued on Tuesday, January 30th. Desjardins analyst J. Sclodnick expects that the company will post earnings per share of $0.45 for the quarter. Desjardins currently has a “Buy” rating and a $11.75 target price on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.68 per share.

Centerra Gold (TSE:CGGet Free Report) last announced its quarterly earnings results on Tuesday, October 31st. The company reported C$0.27 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.07. The company had revenue of C$461.38 million for the quarter. Centerra Gold had a negative net margin of 18.96% and a negative return on equity of 9.94%.

A number of other equities analysts have also recently weighed in on the stock. Canaccord Genuity Group reduced their price target on shares of Centerra Gold from C$10.00 to C$9.00 in a research report on Tuesday, October 24th. Bank of America reduced their price target on shares of Centerra Gold from C$8.35 to C$8.30 in a research report on Wednesday, October 18th. National Bank Financial reissued an “outperform spec overweight” rating on shares of Centerra Gold in a research report on Wednesday, January 3rd. Finally, Raymond James raised their price objective on shares of Centerra Gold from C$11.00 to C$12.00 in a report on Friday, January 12th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$10.39.

View Our Latest Research Report on CG

Centerra Gold Trading Up 2.7 %

Shares of TSE CG opened at C$7.28 on Thursday. The company’s fifty day moving average is C$7.68 and its 200-day moving average is C$7.57. The stock has a market cap of C$1.57 billion, a price-to-earnings ratio of -7.43, a P/E/G ratio of 1.26 and a beta of 1.18. Centerra Gold has a twelve month low of C$6.17 and a twelve month high of C$10.28. The company has a quick ratio of 3.24, a current ratio of 3.67 and a debt-to-equity ratio of 0.30.

Centerra Gold Company Profile

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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 include the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt Gold Mine located in Turkey.

See Also

Earnings History and Estimates for Centerra Gold (TSE:CG)

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