Centerra Gold (CG) Scheduled to Post Earnings on Tuesday

Centerra Gold (TSE:CG) will be announcing its earnings results before the market opens on Tuesday, May 14th. Analysts expect the company to announce earnings of C$0.29 per share for the quarter.

Centerra Gold (TSE:CG) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.38 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.01). The business had revenue of C$462.92 million for the quarter. Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%.

Centerra Gold Trading Up 4.3 %

Shares of Centerra Gold stock opened at C$8.72 on Tuesday. The company has a market cap of C$1.88 billion, a price-to-earnings ratio of -16.77, a PEG ratio of 1.26 and a beta of 1.21. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$9.51. The company’s fifty day simple moving average is C$7.97 and its 200-day simple moving average is C$7.65. The company has a current ratio of 3.25, a quick ratio of 3.24 and a debt-to-equity ratio of 1.45.

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.28 annualized dividend and a dividend yield of 3.21%. Centerra Gold’s payout ratio is -53.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CG shares. National Bank Financial reissued an “outperform overweight” rating on shares of Centerra Gold in a research report on Monday, April 8th. BMO Capital Markets set a C$10.00 target price on Centerra Gold and gave the company an “outperform” rating in a research note on Wednesday, February 21st. CIBC raised their target price on Centerra Gold from C$9.50 to C$11.00 in a research report on Monday, April 15th. National Bankshares boosted their price target on shares of Centerra Gold from C$10.50 to C$11.00 in a report on Friday, April 19th. Finally, Desjardins decreased their target price on shares of Centerra Gold from C$12.00 to C$11.75 and set a “buy” rating on the stock in a research report on Tuesday, January 9th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Centerra Gold currently has an average rating of “Buy” and a consensus price target of C$10.57.

Insiders Place Their Bets

In related news, Senior Officer Darren Millman sold 110,274 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$6.96, for a total transaction of C$766,955.67. 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.