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

Centerra Gold Inc. (TSE:CG) – Stock analysts at Desjardins issued their Q1 2024 EPS estimates for shares of Centerra Gold in a research report issued to clients and investors on Tuesday, April 23rd. Desjardins analyst J. Sclodnick expects that the company will post earnings of $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.

CG has been the subject of a number of other research reports. Bank of America increased their target price on shares of Centerra Gold from C$7.55 to C$8.50 in a research report on Tuesday, April 9th. Cormark decreased their target price on shares of Centerra Gold from C$11.50 to C$11.00 in a research report on Monday, February 26th. BMO Capital Markets set a C$10.00 target price on shares of Centerra Gold and gave the company an “outperform” rating in a research report on Wednesday, February 21st. Canaccord Genuity Group upped their price target on shares of Centerra Gold from C$10.75 to C$11.00 in a research note on Tuesday. Finally, Raymond James upped their price target on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$10.57.

Centerra Gold Price Performance

Shares of CG opened at C$8.68 on Thursday. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$9.67. The company has a 50 day moving average price of C$7.79 and a 200-day moving average price of C$7.56. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.24 and a current ratio of 3.25. The stock has a market capitalization of C$1.87 billion, a PE ratio of -16.69, a PEG ratio of 1.26 and a beta of 1.16.

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

Insider Transactions 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 shares were sold at an average price of C$6.96, for a total transaction of C$766,955.67. Company insiders own 0.38% of the company’s stock.

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.23%. Centerra Gold’s payout ratio is currently -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.