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

Centerra Gold Inc. (TSE:CG) – Equities research analysts at National Bank Financial issued their Q1 2024 EPS estimates for Centerra Gold in a report issued on Thursday, April 18th. National Bank Financial analyst M. Parkin forecasts 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.

CG has been the subject of a number of other reports. BMO Capital Markets set a C$10.00 target price on shares of Centerra Gold and gave the stock an “outperform” rating in a report on Wednesday, February 21st. Desjardins dropped their target price on shares of Centerra Gold from C$12.00 to C$11.75 and set a “buy” rating for the company in a report on Tuesday, January 9th. Raymond James raised their price objective on shares of Centerra Gold from C$11.00 to C$12.00 in a report on Friday, January 12th. National Bankshares raised their price objective on shares of Centerra Gold from C$10.50 to C$11.00 in a report on Friday. Finally, Canaccord Genuity Group lowered their price objective on shares of Centerra Gold from C$11.75 to C$10.75 and set a “buy” rating for the company in a report on Thursday, March 21st. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Centerra Gold currently has an average rating of “Buy” and an average target price of C$10.50.

Centerra Gold Stock Performance

Centerra Gold stock opened at C$8.51 on Monday. The company has a current ratio of 3.25, a quick ratio of 3.24 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average of C$7.60 and a 200-day moving average of C$7.50. The firm has a market cap of C$1.83 billion, a P/E ratio of -16.37, a P/E/G ratio of 1.26 and a beta of 1.16. Centerra Gold has a 1-year low of C$6.07 and a 1-year high of C$10.00.

Centerra Gold (TSE:CG) last posted its earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.01). The firm had revenue of C$462.92 million for the quarter. Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%.

Insider Buying and Selling

In related news, Senior Officer Darren Millman sold 110,274 shares of the firm’s 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. 0.38% of the stock is currently owned by corporate insiders.

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 annualized dividend and a yield of 3.29%. The ex-dividend date was Tuesday, March 12th. Centerra Gold’s dividend payout ratio is currently -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.