Centerra Gold (TSE:CG) Releases Earnings Results

Centerra Gold (TSE:CG) announced its earnings results on Wednesday. The company reported C$0.61 EPS for the quarter, FiscalAI reports. The firm had revenue of C$673.87 million for the quarter. Centerra Gold had a net margin of 43.18% and a return on equity of 31.90%.

Centerra Gold Price Performance

CG opened at C$23.64 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.24 and a current ratio of 2.39. The stock has a market capitalization of C$4.72 billion, a P/E ratio of 8.32, a P/E/G ratio of 1.26 and a beta of 1.81. The company’s 50-day simple moving average is C$25.40 and its two-hundred day simple moving average is C$21.88. Centerra Gold has a 52-week low of C$8.69 and a 52-week high of C$28.97.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 26th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, March 12th. This represents a $0.28 annualized dividend and a yield of 1.2%. Centerra Gold’s dividend payout ratio is currently 7.07%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CG shares. Royal Bank Of Canada upped their price target on shares of Centerra Gold from C$22.00 to C$31.00 in a research note on Thursday, March 12th. Raymond James Financial upped their price target on shares of Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 21st. BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Canadian Imperial Bank of Commerce upped their price target on shares of Centerra Gold from C$30.00 to C$37.00 in a research note on Wednesday, February 4th. Finally, Desjardins upped their price target on shares of Centerra Gold from C$30.00 to C$33.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.36.

About Centerra Gold

Centerra Gold Inc is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Goldfield District Project in Nevada, United States, the Kemess Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada.