Centerra Gold Inc. (TSE:CG) Expected to Earn Q2 2024 Earnings of $0.18 Per Share

Centerra Gold Inc. (TSE:CG) – Analysts at National Bank Financial issued their Q2 2024 earnings per share estimates for Centerra Gold in a research report issued to clients and investors on Tuesday, July 16th. National Bank Financial analyst M. Parkin expects that the company will earn $0.18 per share for the quarter. National Bank Financial currently has a “Outperform Overweight” rating on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.89 per share. National Bank Financial also issued estimates for Centerra Gold’s FY2024 earnings at $1.01 EPS and FY2025 earnings at $0.86 EPS.

CG has been the subject of a number of other reports. Canaccord Genuity Group boosted their target price on shares of Centerra Gold from C$10.75 to C$11.00 in a report on Tuesday, April 23rd. CIBC cut shares of Centerra Gold from an “outperform” rating to a “neutral” rating and increased their target price for the company from C$11.00 to C$13.00 in a research report on Wednesday, July 10th. Cormark lifted their price target on shares of Centerra Gold from C$13.00 to C$13.90 in a report on Wednesday, May 15th. Bank of America increased their price objective on Centerra Gold from C$7.55 to C$8.50 in a report on Tuesday, April 9th. Finally, National Bankshares boosted their target price on Centerra Gold from C$11.25 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Centerra Gold currently has an average rating of “Moderate Buy” and a consensus price target of C$11.29.

Centerra Gold Price Performance

TSE CG opened at C$9.43 on Thursday. The company has a market cap of C$2.02 billion, a PE ratio of 26.19, a P/E/G ratio of 1.26 and a beta of 1.19. Centerra Gold has a 52-week low of C$6.07 and a 52-week high of C$10.25. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.22. The firm’s 50 day moving average price is C$9.41 and its 200-day moving average price is C$8.26.

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

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, June 12th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Wednesday, May 29th. Centerra Gold’s dividend payout ratio (DPR) is 77.78%.

Insider Activity

In related news, Director Craig Stephen Macdougall purchased 10,500 shares of Centerra Gold stock in a transaction that occurred on Thursday, May 30th. The stock was bought at an average cost of C$9.56 per share, for a total transaction of C$100,330.65. Insiders have acquired 11,012 shares of company stock valued at $105,101 in the last ninety days. Insiders own 0.23% of the company’s stock.

Centerra Gold Company Profile

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.