Analysts Offer Predictions for Centerra Gold Inc.’s Q2 2024 Earnings (TSE:CG)

Centerra Gold Inc. (TSE:CG) – Analysts at Raymond James boosted their Q2 2024 earnings estimates for shares of Centerra Gold in a research report issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.29 for the quarter, up from their prior estimate of $0.12. The consensus estimate for Centerra Gold’s current full-year earnings is $0.41 per share. Raymond James also issued estimates for Centerra Gold’s Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.18 EPS and FY2024 earnings at $0.78 EPS.

Centerra Gold (TSE:CG) last announced its earnings results 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). The company had revenue of C$462.92 million during the quarter. Centerra Gold had a negative net margin of 7.42% and a negative return on equity of 4.66%.

Several other equities analysts also recently weighed in on CG. National Bank Financial restated an “outperform overweight” rating on shares of Centerra Gold in a research report on Monday, April 8th. Canaccord Genuity Group raised their price objective on Centerra Gold from C$10.75 to C$11.00 in a report on Tuesday. Cormark lowered their target price on shares of Centerra Gold from C$11.50 to C$11.00 in a research note on Monday, February 26th. Bank of America increased their target price on shares of Centerra Gold from C$7.55 to C$8.50 in a research report on Tuesday, April 9th. Finally, BMO Capital Markets set a C$10.00 price target on shares of Centerra Gold and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$10.57.

Centerra Gold Trading Up 1.2 %

Shares of Centerra Gold stock opened at C$8.68 on Friday. The company has a current ratio of 3.25, a quick ratio of 3.24 and a debt-to-equity ratio of 1.45. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$9.67. The firm has a market capitalization of C$1.87 billion, a PE ratio of -16.69, a P/E/G ratio of 1.26 and a beta of 1.16. The firm’s 50-day moving average price is C$7.79 and its 200 day moving average price is C$7.56.

Centerra Gold Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Tuesday, March 12th. Centerra Gold’s dividend payout ratio is currently -53.85%.

Insider Transactions at Centerra Gold

In other Centerra Gold news, Senior Officer Darren Millman sold 110,274 shares of the firm’s stock in a transaction 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. 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.