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

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

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 net margin of 7.42% and a negative return on equity of 4.66%. The business had revenue of C$462.92 million during the quarter.

CG has been the subject of several other research reports. Raymond James increased their target price on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday. Bank of America increased their target price on shares of Centerra Gold from C$7.55 to C$8.50 in a research note on Tuesday, April 9th. National Bank Financial reiterated 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 target price on shares of Centerra Gold and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. Finally, Canaccord Genuity Group increased their target price on shares of Centerra Gold from C$10.75 to C$11.00 in a research note on Tuesday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$10.57.

Centerra Gold Stock Performance

TSE CG opened at C$8.65 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 3.24. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$9.82. The company has a market capitalization of C$1.86 billion, a PE ratio of -16.63, a P/E/G ratio of 1.26 and a beta of 1.16. The company has a fifty day moving average of C$7.68 and a two-hundred day moving average of C$7.53.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.24%. Centerra Gold’s dividend payout ratio (DPR) is -53.85%.

Insider Transactions at Centerra Gold

In other 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 transaction of C$766,955.67. Corporate 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.