Research Analysts Issue Forecasts for Centerra Gold Inc.'s Q1 2024 Earnings (TSE:CG)

Centerra Gold Inc. (TSE:CG - Free Report) - Stock analysts at Desjardins issued their Q1 2024 earnings per share 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.

Centerra Gold (TSE:CG - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.38 earnings per share (EPS) 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 business had revenue of C$462.92 million during the quarter.

Several other equities research analysts have also recently commented on CG. National Bank Financial reissued an "outperform overweight" rating on shares of Centerra Gold in a research note on Monday, April 8th. National Bankshares lifted their target price on Centerra Gold from C$10.50 to C$11.00 in a research note on Friday, April 19th. Canaccord Genuity Group lifted their target price on Centerra Gold from C$10.75 to C$11.00 in a research note on Tuesday. Cormark lowered their target price on Centerra Gold from C$11.50 to C$11.00 in a research note on Monday, February 26th. Finally, Raymond James lifted their price objective on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$10.57.

Centerra Gold Trading Up 0.7 %

Shares of TSE CG traded up C$0.06 during midday trading on Thursday, hitting C$8.58. The stock had a trading volume of 601,082 shares, compared to its average volume of 524,419. The company's 50-day simple moving average is C$7.75 and its 200 day simple moving average is C$7.54. The firm has a market cap of C$1.85 billion, a P/E ratio of -16.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$9.82. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 3.24.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 27th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Tuesday, March 12th. Centerra Gold's dividend payout ratio (DPR) is presently -53.85%.

Insiders Place Their Bets

In other Centerra Gold news, Senior Officer Darren Millman sold 110,274 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was 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.

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.