Centerra Gold (CG) Set to Announce Earnings on Thursday

Centerra Gold (TSE:CG) is set to announce its earnings results after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of C$0.27 per share for the quarter.

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

Centerra Gold Stock Up 0.5 %

Shares of TSE CG opened at C$9.22 on Wednesday. The company has a market capitalization of C$1.98 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. Centerra Gold has a 12-month low of C$6.07 and a 12-month high of C$10.25. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.22 and a quick ratio of 3.24. The firm’s 50-day moving average is C$9.36 and its two-hundred day moving average is C$8.37.

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, June 12th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.04%. The ex-dividend date was Wednesday, May 29th. Centerra Gold’s dividend payout ratio (DPR) is presently 77.78%.

Insider Transactions at Centerra Gold

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

Analysts Set New Price Targets

CG has been the topic of several recent analyst reports. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Centerra Gold in a report on Monday, April 8th. Bank of America boosted their price objective on shares of Centerra Gold from C$7.55 to C$8.50 in a research report on Tuesday, April 9th. Cibc World Mkts cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Raymond James lifted their target price on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, April 23rd. Finally, Canaccord Genuity Group increased their price target on Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Centerra Gold has a consensus rating of “Moderate Buy” and an average price target of C$11.46.

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.