Cormark Analysts Lift Earnings Estimates for Centerra Gold Inc. (TSE:CG)

Centerra Gold Inc. (TSE:CG – Get Rating) – Investment analysts at Cormark lifted their FY2024 earnings per share (EPS) estimates for shares of Centerra Gold in a report released on Tuesday, May 16th. Cormark analyst R. Gray now forecasts that the company will earn $1.09 per share for the year, up from their previous forecast of $1.02. The consensus estimate for Centerra Gold’s current full-year earnings is $0.60 per share.

A number of other brokerages have also recently weighed in on CG. Canaccord Genuity Group reduced their target price on Centerra Gold from C$12.00 to C$9.50 in a report on Tuesday. Bank of America increased their target price on Centerra Gold from C$6.30 to C$7.50 in a research note on Wednesday, April 5th. CSFB reduced their price objective on Centerra Gold from C$9.25 to C$9.00 in a research note on Thursday, March 2nd. TD Securities dropped their target price on Centerra Gold from C$10.00 to C$8.50 and set a “hold” rating on the stock in a research report on Tuesday. Finally, National Bankshares lowered their price target on Centerra Gold from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Centerra Gold currently has an average rating of “Moderate Buy” and an average price target of C$9.55.

Centerra Gold Price Performance

CG stock opened at C$7.09 on Thursday. Centerra Gold has a 52-week low of C$5.18 and a 52-week high of C$11.02. The stock’s fifty day simple moving average is C$9.02 and its 200-day simple moving average is C$8.12. The company has a quick ratio of 3.24, a current ratio of 4.00 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of C$1.55 billion, a price-to-earnings ratio of -20.26, a price-to-earnings-growth ratio of 1.26 and a beta of 0.98.

Centerra Gold (TSE:CG – Get Rating) last announced its earnings results on Thursday, February 23rd. The company reported C($0.08) EPS for the quarter, beating analysts’ consensus estimates of C($0.12) by C$0.04. The firm had revenue of C$282.82 million for the quarter. Centerra Gold had a negative return on equity of 12.49% and a negative net margin of 30.72%.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Monday, May 29th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $0.28 dividend on an annualized basis and a yield of 3.95%. Centerra Gold’s dividend payout ratio (DPR) is presently -80.00%.

About Centerra Gold

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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.