Q1 2024 EPS Estimates for Centerra Gold Inc. (TSE:CG) Lowered by Analyst

Centerra Gold Inc. (TSE:CG - Free Report) - Investment analysts at Cormark reduced their Q1 2024 earnings per share estimates for Centerra Gold in a report released on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will earn $0.18 per share for the quarter, down from their prior estimate of $0.46. The consensus estimate for Centerra Gold's current full-year earnings is $0.41 per share.

CG has been the subject of several other reports. BMO Capital Markets set a C$10.00 target price on Centerra Gold and gave the company an "outperform" rating in a report on Wednesday, February 21st. Canaccord Genuity Group increased their target price on Centerra Gold from C$10.75 to C$11.00 in a research report on Tuesday. Bank of America boosted their price target on shares of Centerra Gold from C$7.55 to C$8.50 in a report on Tuesday, April 9th. National Bank Financial reaffirmed an "outperform overweight" rating on shares of Centerra Gold in a report on Monday, April 8th. Finally, CIBC boosted their target price on shares of Centerra Gold from C$9.50 to C$11.00 in a research note on Monday, April 15th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$10.57.

Centerra Gold Stock Performance

Centerra Gold stock traded down C$0.13 during mid-day trading on Wednesday, reaching C$8.52. The company's stock had a trading volume of 414,047 shares, compared to its average volume of 523,461. The firm has a market cap of C$1.84 billion, a price-to-earnings ratio of -16.63, a PEG ratio of 1.26 and a beta of 1.16. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$9.82. The business has a 50 day moving average price of C$7.68 and a 200-day moving average price of C$7.53. 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 (TSE:CG - Get Free Report) last announced its quarterly earnings data 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 net margin of 7.42% and a negative return on equity of 4.66%. The firm had revenue of C$462.92 million during the quarter.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 27th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Tuesday, March 12th. Centerra Gold's payout ratio is -53.85%.

Insider Transactions at Centerra Gold

In other Centerra Gold news, Senior Officer Darren Millman sold 110,274 shares of the company's stock in a transaction dated Friday, March 1st. The shares were 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.