Centerra Gold Inc. (TSE:CG – Get Rating) – Equities researchers at Raymond James dropped their Q2 2023 earnings per share (EPS) estimates for shares of Centerra Gold in a research report issued to clients and investors on Monday, May 15th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of ($0.08) per share for the quarter, down from their previous forecast of $0.08. Raymond James has a “Market Perform” rating and a $11.00 price objective on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.60 per share. Raymond James also issued estimates for Centerra Gold’s FY2023 earnings at ($0.05) EPS, Q1 2024 earnings at $0.19 EPS, Q2 2024 earnings at $0.20 EPS, Q3 2024 earnings at $0.23 EPS, Q4 2024 earnings at $0.26 EPS and FY2024 earnings at $0.88 EPS.
Centerra Gold (TSE:CG – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The company reported C($0.08) EPS for the quarter, topping analysts’ consensus estimates of C($0.12) by C$0.04. The company had revenue of C$282.82 million during the quarter. Centerra Gold had a negative return on equity of 12.49% and a negative net margin of 30.72%.
Centerra Gold Price Performance
Shares of CG opened at C$7.09 on Thursday. Centerra Gold has a 12-month low of C$5.18 and a 12-month high of C$11.02. The business has a 50-day simple moving average of C$9.02 and a two-hundred day simple moving average of 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 cap of C$1.55 billion, a PE ratio of -20.26, a PEG ratio of 1.26 and a beta of 0.98.
Centerra Gold Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Investors 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 annualized dividend and a yield of 3.95%. Centerra Gold’s dividend payout ratio is currently -80.00%.
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 include the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt Gold Mine located in Turkey.
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