Centerra Gold (TSE:CG) Announces Earnings Results

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

Centerra Gold Price Performance

Shares of TSE CG opened at C$23.90 on Thursday. The stock has a market capitalization of C$4.77 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 1.26 and a beta of 1.81. Centerra Gold has a 12 month low of C$8.69 and a 12 month high of C$28.97. The firm’s 50 day simple moving average is C$25.44 and its 200-day simple moving average is C$21.87. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.39 and a quick ratio of 3.24.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. Centerra Gold’s dividend payout ratio (DPR) is presently 7.07%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Raymond James Financial upped their target price on Centerra Gold from C$24.50 to C$27.00 and gave the company a “market perform” rating in a research report on Wednesday, January 21st. TD Securities upped their target price on Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd. Royal Bank Of Canada upped their target price on Centerra Gold from C$22.00 to C$31.00 in a research report on Thursday, March 12th. Finally, Canadian Imperial Bank of Commerce upped their target price on Centerra Gold from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$27.36.

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 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.