Q1 2024 Earnings Estimate for Centerra Gold Inc. (TSE:CG) Issued By Cormark

Centerra Gold Inc. (TSE:CG) – Stock analysts at Cormark cut their Q1 2024 earnings per share (EPS) estimates for shares of Centerra Gold in a research report issued to clients and investors on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.18 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.

A number of other research analysts also recently weighed in on CG. Desjardins cut their price objective on Centerra Gold from C$12.00 to C$11.75 and set a “buy” rating on the stock in a research note on Tuesday, January 9th. Raymond James raised their price objective on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday. National Bank Financial reissued an “outperform overweight” rating on shares of Centerra Gold in a research note on Monday, April 8th. BMO Capital Markets set a C$10.00 price objective on Centerra Gold and gave the company an “outperform” rating in a research note on Wednesday, February 21st. Finally, National Bankshares lifted their price target on Centerra Gold from C$10.50 to C$11.00 in a research report on Friday, April 19th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$10.57.

Centerra Gold Stock Down 1.5 %

Shares of CG stock opened at C$8.52 on Wednesday. The stock’s 50 day simple moving average is C$7.72 and its 200 day simple moving average is C$7.54. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.24 and a current ratio of 3.25. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$9.82. The company has a market capitalization of C$1.84 billion, a price-to-earnings ratio of -16.38, a PEG ratio of 1.26 and a beta of 1.16.

Centerra Gold (TSE:CG) last posted its quarterly 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). Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%. The firm had revenue of C$462.92 million for the quarter.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Tuesday, March 12th. Centerra Gold’s payout ratio is presently -53.85%.

Insider Transactions at Centerra Gold

In related news, Senior Officer Darren Millman sold 110,274 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$6.96, for a total value of C$766,955.67. 0.38% of the stock is owned by insiders.

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.