Centerra Gold Inc. (TSE:CG) – Analysts at Cormark cut their Q1 2021 earnings per share estimates for shares of Centerra Gold in a research note issued on Monday, April 12th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.29 per share for the quarter, down from their prior estimate of $0.40.
Centerra Gold (TSE:CG) last released its quarterly earnings data on Wednesday, February 24th. The company reported C$0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.43 by C$0.03. The company had revenue of C$504.15 million for the quarter.
Several other research firms have also issued reports on CG. CIBC lowered Centerra Gold from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from C$19.00 to C$16.50 in a research note on Monday, February 8th. National Bank Financial lowered their target price on Centerra Gold from C$21.50 to C$20.00 and set an “outperform” rating for the company in a research note on Thursday, February 25th. CSFB lowered their target price on Centerra Gold from C$15.50 to C$14.00 in a research note on Wednesday, March 3rd. Scotiabank lowered Centerra Gold from an “outperform” rating to a “sector perform” rating in a research note on Friday, March 19th. Finally, Raymond James lowered their target price on Centerra Gold from C$17.50 to C$16.50 and set a “market perform” rating for the company in a research note on Tuesday, April 6th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of C$17.06.
Centerra Gold stock opened at C$11.78 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 5.33 and a quick ratio of 2.38. The stock has a fifty day moving average price of C$11.93 and a two-hundred day moving average price of C$13.22. Centerra Gold has a 52-week low of C$9.38 and a 52-week high of C$19.59. The firm has a market capitalization of C$3.49 billion and a P/E ratio of 6.84.
In related news, Senior Officer Dennis Kwong sold 70,426 shares of Centerra Gold stock in a transaction dated Friday, March 5th. The stock was sold at an average price of C$12.40, for a total value of C$873,282.40. Following the completion of the sale, the insider now directly owns 44,034 shares in the company, valued at C$546,021.60. Also, Director Sheryl Pressler sold 4,000 shares of Centerra Gold stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of C$13.20, for a total value of C$52,800.00. Following the completion of the sale, the director now owns 40,968 shares of the company’s stock, valued at C$540,777.60. Over the last quarter, insiders sold 76,575 shares of company stock valued at $954,449.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 6th. Investors of record on Tuesday, April 6th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.70%. Centerra Gold’s payout ratio is 7.77%.
Centerra Gold Company Profile
Centerra Gold Inc, a gold mining and exploration company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.
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