National Bank Financial Research Analysts Decrease Earnings Estimates for Centerra Gold Inc. (TSE:CG)

Centerra Gold Inc. (TSE:CG – Get Rating) – Research analysts at National Bank Financial dropped their FY2023 earnings per share (EPS) estimates for shares of Centerra Gold in a research note issued to investors on Wednesday, May 17th. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $0.25 per share for the year, down from their prior forecast of $0.74. The consensus estimate for Centerra Gold’s current full-year earnings is $0.60 per share. National Bank Financial also issued estimates for Centerra Gold’s FY2024 earnings at $0.51 EPS.

CG has been the topic of a number of other research reports. Raymond James increased their price objective on Centerra Gold from C$10.50 to C$11.00 and gave the stock a “market perform” rating in a research report on Monday, February 27th. Canaccord Genuity Group decreased their price objective on Centerra Gold from C$12.00 to C$9.50 in a report on Tuesday, May 16th. CSFB decreased their price objective on Centerra Gold from C$9.25 to C$9.00 in a report on Thursday, March 2nd. CIBC decreased their price objective on Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, May 16th. Finally, TD Securities decreased their price objective on Centerra Gold from C$10.00 to C$8.50 and set a “hold” rating on the stock in a report on Tuesday, May 16th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$9.55.

Centerra Gold Price Performance

Centerra Gold stock opened at C$7.08 on Monday. Centerra Gold has a one year low of C$5.18 and a one year high of C$10.79. The business has a fifty day moving average price of C$8.99 and a 200-day moving average price of C$8.15. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.00 and a quick ratio of 3.24. The firm has a market capitalization of C$1.55 billion, a P/E ratio of -20.23, a PEG ratio of 1.26 and a beta of 0.98.

Centerra Gold (TSE:CG – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The company reported C($0.08) EPS for the quarter, beating analysts’ consensus estimates of C($0.12) by C$0.04. The company had revenue of C$282.82 million during the quarter. Centerra Gold had a negative return on equity of 12.49% and a negative net margin of 30.72%.

Centerra Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Monday, May 29th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $0.28 dividend on an annualized basis and a yield of 3.95%. Centerra Gold’s dividend payout ratio is presently -80.00%.

Centerra Gold Company Profile

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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 include the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt Gold Mine located in Turkey.