Centerra Gold (TSE:CG) Posts Earnings Results

Centerra Gold (TSE:CG) posted its earnings results on Wednesday. The company reported C$0.61 EPS for the quarter, FiscalAI reports. Centerra Gold had a net margin of 43.18% and a return on equity of 31.90%. The business had revenue of C$673.87 million for the quarter.

Centerra Gold Stock Down 3.0%

Shares of TSE:CG traded down C$0.75 during midday trading on Wednesday, reaching C$23.90. The company had a trading volume of 858,367 shares, compared to its average volume of 1,023,266. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.39 and a quick ratio of 3.24. The stock’s fifty day moving average price is C$25.48 and its 200-day moving average price is C$21.85. The stock has a market capitalization of C$4.77 billion, a P/E ratio of 8.42, a PEG ratio of 1.26 and a beta of 1.81. Centerra Gold has a one year low of C$8.69 and a one year high of C$28.97.

Centerra Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 26th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, March 12th. Centerra Gold’s payout ratio is 7.07%.

Wall Street Analyst Weigh In

CG has been the topic of a number of recent research reports. Raymond James Financial boosted their target price on shares of Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 21st. BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Desjardins boosted their target price on shares of Centerra Gold from C$30.00 to C$33.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Canadian Imperial Bank of Commerce boosted their target price on shares of Centerra Gold from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. Finally, TD Securities boosted their target price on shares of Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$27.36.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Goldfield District Project in Nevada, United States, the Kemess Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada.