Centerra Gold (TSE:CG) Releases Earnings Results

Centerra Gold (TSE:CG) released 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 during the quarter. Centerra Gold had a return on equity of 32.55% and a net margin of 41.28%.

Centerra Gold Stock Performance

Shares of Centerra Gold stock opened at C$22.70 on Wednesday. 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 company has a market cap of C$4.51 billion, a PE ratio of 7.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.83. Centerra Gold has a 1-year low of C$9.25 and a 1-year high of C$28.97. The company has a 50 day moving average of C$22.88 and a 200-day moving average of C$24.19.

Centerra Gold Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Activity at Centerra Gold

In other Centerra Gold news, Director Eric Dell sold 7,827 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of C$22.97, for a total value of C$179,786.19. Also, Director Paul Nicholas Wright purchased 5,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of C$22.31 per share, with a total value of C$111,550.00. Following the purchase, the director directly owned 130,000 shares in the company, valued at approximately C$2,900,300. The trade was a 4.00% increase in their position. Over the last 90 days, insiders sold 10,252 shares of company stock valued at $235,442. Corporate insiders own 0.21% of the company’s stock.

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.