Centerra Gold Inc. Forecasted to Post Q1 2024 Earnings of $0.22 Per Share (TSE:CG)

Centerra Gold Inc. (TSE:CG) – Equities researchers at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for Centerra Gold in a research note issued to investors on Thursday, April 18th. National Bank Financial analyst M. Parkin forecasts that the company will earn $0.22 per share for the quarter. National Bank Financial has a “Outperform Overweight” rating on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.41 per share. National Bank Financial also issued estimates for Centerra Gold’s FY2025 earnings at $0.47 EPS.

Centerra Gold (TSE:CG) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.38 earnings per share (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 company had revenue of C$462.92 million during the quarter.

Several other equities analysts also recently issued reports on the stock. CIBC upped their price objective on shares of Centerra Gold from C$9.50 to C$11.00 in a research note on Monday, April 15th. National Bankshares upped their price objective on shares of Centerra Gold from C$10.50 to C$11.00 in a research note on Friday, April 19th. 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. 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. Finally, 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. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$10.57.

Centerra Gold Stock Performance

TSE CG opened at C$8.65 on Monday. 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.

Insider Buying and Selling

In related news, Senior Officer Darren Millman sold 110,274 shares of the stock in a transaction dated 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 corporate insiders.

Centerra Gold Announces Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.28 annualized dividend and a yield of 3.24%. Centerra Gold’s dividend payout ratio is currently -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.