Centerra Gold Inc. Forecasted to Earn Q1 2024 Earnings of $0.22 Per Share (TSE:CG)

Centerra Gold Inc. (TSE:CG - Free Report) - Research analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for Centerra Gold in a report issued on Thursday, April 18th. National Bank Financial analyst M. Parkin anticipates that the company will post earnings of $0.22 per share for the quarter. National Bank Financial has a "Outperform Overweight" rating on the stock. The consensus estimate for Centerra Gold's current full-year earnings is $0.41 per share. National Bank Financial also issued estimates for Centerra Gold's FY2025 earnings at $0.47 EPS.

Several other research firms have also weighed in on CG. CIBC raised their target price on Centerra Gold from C$9.50 to C$11.00 in a report on Monday, April 15th. Bank of America boosted their target price on Centerra Gold from C$7.55 to C$8.50 in a report on Tuesday, April 9th. Cormark lowered their price target on Centerra Gold from C$11.50 to C$11.00 in a report on Monday, February 26th. Canaccord Genuity Group dropped their price target on shares of Centerra Gold from C$11.75 to C$10.75 and set a "buy" rating on the stock in a research report on Thursday, March 21st. Finally, National Bankshares upped their price objective on shares of Centerra Gold from C$10.50 to C$11.00 in a report on Friday. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, Centerra Gold has a consensus rating of "Buy" and an average price target of C$10.50.

Centerra Gold Stock Down 2.5 %

Shares of Centerra Gold stock traded down C$0.21 during midday trading on Monday, reaching C$8.30. 1,202,823 shares of the company's stock traded hands, compared to its average volume of 524,228. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.24 and a current ratio of 3.25. Centerra Gold has a 52 week low of C$6.07 and a 52 week high of C$9.82. The company's 50 day simple moving average is C$7.60 and its 200 day simple moving average is C$7.50. The company has a market cap of C$1.79 billion, a price-to-earnings ratio of -15.96, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16.

Centerra Gold (TSE:CG - Get Free Report) last posted its 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 during the quarter. Centerra Gold had a negative net margin of 7.42% and a negative return on equity of 4.66%.

Insider Activity

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

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Tuesday, March 12th. Centerra Gold's dividend payout ratio (DPR) is presently -53.85%.

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.