Centerra Gold Inc. (TSE:CG) to Post Q1 2024 Earnings of $0.23 Per Share, Desjardins Forecasts

Centerra Gold Inc. (TSE:CG) – Stock analysts at Desjardins issued their Q1 2024 EPS estimates for shares of Centerra Gold in a report issued on Tuesday, April 23rd. Desjardins analyst J. Sclodnick forecasts that the company will post earnings per share of $0.23 for the quarter. Desjardins currently has a “Buy” rating and a $11.75 target price on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.41 per share.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group lifted their price objective on shares of Centerra Gold from C$10.75 to C$11.00 in a research note on Tuesday. BMO Capital Markets set a C$10.00 price objective on shares of Centerra Gold and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. Raymond James lifted their price objective on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday. CIBC raised their target price on shares of Centerra Gold from C$9.50 to C$11.00 in a report on Monday, April 15th. Finally, Bank of America raised their target price on shares of Centerra Gold from C$7.55 to C$8.50 in a report on Tuesday, April 9th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$10.57.

Centerra Gold Price Performance

Shares of Centerra Gold stock opened at C$8.68 on Thursday. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$9.67. The company has a quick ratio of 3.24, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. The company has a 50-day simple moving average of C$7.79 and a two-hundred day simple moving average of C$7.56. The stock has a market capitalization of C$1.87 billion, a price-to-earnings ratio of -16.69, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16.

Centerra Gold (TSE:CG) last posted its earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.01). The company had revenue of C$462.92 million for the quarter. Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%.

Insider Activity at Centerra Gold

In related news, Senior Officer Darren Millman sold 110,274 shares of Centerra Gold 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. 0.38% of the stock is currently owned by insiders.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 27th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Tuesday, March 12th. Centerra Gold’s dividend payout ratio (DPR) is presently -53.85%.

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.