Centerra Gold (TSE:CG) Releases Quarterly Earnings Results

Centerra Gold (TSE:CG) announced its earnings results on Tuesday. The company reported C$0.55 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$629.00 million for the quarter. Centerra Gold had a return on equity of 32.55% and a net margin of 41.28%.

Centerra Gold Stock Up 5.5%

Shares of TSE CG opened at C$23.95 on Thursday. The company has a current ratio of 2.41, a quick ratio of 3.24 and a debt-to-equity ratio of 2.09. The business has a 50-day moving average of C$22.90 and a 200-day moving average of C$24.21. The firm has a market capitalization of C$4.76 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 1.26 and a beta of 1.83. Centerra Gold has a 12 month low of C$9.25 and a 12 month high of C$28.97.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, May 21st. Centerra Gold’s dividend payout ratio is currently 6.52%.

Analyst Ratings Changes

Separately, Desjardins upped their target price on Centerra Gold from C$30.00 to C$33.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.36.

Insider Activity at Centerra Gold

In related news, Director Paul Nicholas Wright acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of C$22.31 per share, with a total value of C$111,550.00. Following the acquisition, the director owned 130,000 shares of the company’s stock, valued at approximately C$2,900,300. The trade was a 4.00% increase in their position. Also, Director Eric Dell sold 1,220 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of C$22.92, for a total value of C$27,962.40. Over the last quarter, insiders have sold 10,252 shares of company stock valued at $235,442. 0.21% of the stock is currently owned by company insiders.

About Centerra Gold

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 Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada.