Centerra Gold (CG) Scheduled to Post Earnings on Tuesday

Centerra Gold (TSE:CG) is scheduled to announce its earnings results before the market opens on Tuesday, May 14th. Analysts expect the company to announce earnings of C$0.29 per share for the quarter.

Centerra Gold (TSE:CG) last posted its earnings results on Thursday, February 22nd. The company reported C$0.38 EPS for the quarter, missing the consensus estimate 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 business had revenue of C$462.92 million for the quarter.

Centerra Gold Trading Up 4.3 %

Shares of TSE CG opened at C$8.72 on Tuesday. The firm has a 50 day moving average price of C$7.97 and a two-hundred day moving average price of C$7.65. The stock has a market cap of C$1.88 billion, a P/E ratio of -16.77, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21. Centerra Gold has a 52-week low of C$6.07 and a 52-week high of C$9.51. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 27th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.28 annualized dividend and a dividend yield of 3.21%. Centerra Gold’s dividend payout ratio is -53.85%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CG. Desjardins lowered their target price on Centerra Gold from C$12.00 to C$11.75 and set a “buy” rating for the company in a research report on Tuesday, January 9th. National Bankshares upped their target price on Centerra Gold from C$10.50 to C$11.00 in a report on Friday, April 19th. BMO Capital Markets set a C$10.00 target price on shares of Centerra Gold and gave the company an “outperform” rating in a research report on Wednesday, February 21st. Cormark dropped their price target on shares of Centerra Gold from C$11.50 to C$11.00 in a research report on Monday, February 26th. Finally, Canaccord Genuity Group increased their price objective on shares of Centerra Gold from C$10.75 to C$11.00 in a research report on Tuesday, April 23rd. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Centerra Gold has an average rating of “Buy” and an average price target of C$10.57.

Insiders Place Their Bets

In other Centerra Gold news, Senior Officer Darren Millman sold 110,274 shares of Centerra Gold stock in a transaction 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. Company insiders own 0.23% of the company’s stock.

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.