Centerra Gold Inc. to Post Q2 2024 Earnings of $0.23 Per Share, Desjardins Forecasts (TSE:CG)

Centerra Gold Inc. (TSE:CG) – Stock analysts at Desjardins issued their Q2 2024 EPS estimates for shares of Centerra Gold in a note issued to investors on Sunday, July 21st. Desjardins analyst J. Sclodnick expects that the company will earn $0.23 per share for the quarter. The consensus estimate for Centerra Gold’s current full-year earnings is $0.89 per share.

Centerra Gold (TSE:CG) last issued its earnings results on Tuesday, May 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.21 by C($0.02). Centerra Gold had a net margin of 4.99% and a return on equity of 3.40%. The firm had revenue of C$412.37 million during the quarter.

A number of other equities research analysts have also recently issued reports on the company. Cibc World Mkts cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Cormark boosted their price objective on Centerra Gold from C$13.00 to C$13.90 in a report on Wednesday, May 15th. National Bank Financial reiterated an “outperform overweight” rating on shares of Centerra Gold in a research report on Monday, April 8th. CIBC downgraded shares of Centerra Gold from an “outperform” rating to a “neutral” rating and lifted their price target for the company from C$11.00 to C$13.00 in a research report on Wednesday, July 10th. Finally, Canaccord Genuity Group lifted their price target on shares of Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$11.46.

Centerra Gold Trading Down 2.1 %

Shares of TSE:CG opened at C$9.04 on Tuesday. Centerra Gold has a 12-month low of C$6.07 and a 12-month high of C$10.25. The stock has a market cap of C$1.94 billion, a PE ratio of 25.11, a P/E/G ratio of 1.26 and a beta of 1.19. The business has a 50 day moving average of C$9.42 and a 200-day moving average of C$8.31. The company has a quick ratio of 3.24, a current ratio of 3.22 and a debt-to-equity ratio of 1.29.

Insider Transactions at Centerra Gold

In other Centerra Gold news, Director Craig Stephen Macdougall acquired 10,500 shares of Centerra Gold stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average price of C$9.56 per share, with a total value of C$100,330.65. Over the last ninety days, insiders purchased 11,012 shares of company stock worth $105,101. Corporate insiders own 0.23% of the company’s stock.

Centerra Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, June 12th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.28 annualized dividend and a dividend yield of 3.10%. Centerra Gold’s dividend payout ratio (DPR) is presently 77.78%.

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.