Centerra Gold (CG) Set to Release Earnings

Centerra Gold (TSE:CG – Get Free Report) is poised to release its quarterly earnings report after the market closes on Thursday, October 31st. Industry analysts are anticipating the company will report earnings of C$0.30 per share for the quarter.

The last quarterly earnings announcement for Centerra Gold occurred on August 1st, where the company posted earnings of C$0.31 per share. This result exceeded the average estimate of C$0.22, marking an increase of C$0.09 from the consensus. During that quarter, Centerra Gold achieved a return on equity of 7.98% alongside a net margin of 10.69%, generating total revenue of C$386.27 million.

Current Stock Performance

On Wednesday, shares of Centerra Gold traded at an opening price of C$10.18. The company's market cap stands at C$2.17 billion with a price-to-earnings (P/E) ratio of 12.13 and a price/earnings to growth (PEG) ratio of 1.26. The stock has exhibited a beta of 1.23, indicating a moderate level of volatility. Over the past year, the share price has fluctuated between a low of C$6.07 and a high of C$10.59. Centerra Gold’s debt-to-equity ratio is currently 1.29, while its quick ratio and current ratio are 3.24 and 3.79, respectively. The company's 50-day moving average is C$9.66, and its 200-day moving average is C$9.28.

Dividend Announcement

Recently, Centerra Gold announced a quarterly dividend, which was disbursed on August 29th. Shareholders on record as of August 15th received a dividend payment of C$0.07 per share. This dividend translates to an annualized figure of C$0.28, offering a yield of 2.75%. The ex-dividend date was also August 15th, and the company's payout ratio stands at 33.33%.

Recent Analyst Ratings

Centerra Gold’s stock has been the subject of various updates from analysts recently. Canaccord Genuity Group raised their price target on Centerra Gold from C$11.50 to C$12.50 as of July 23rd. However, CIBC World Markets downgraded their rating from “strong-buy” to “hold” on July 10th. Following this, Raymond James amended their price target from C$13.50 to C$13.00, rating the stock as “outperform” on September 30th. CIBC also revised their stance on July 10th, moving from an “outperform” to a “neutral” rating while increasing their price objective from C$11.00 to C$13.00. Currently, two analysts rate the stock as a hold while five have assigned a buy rating. According to MarketBeat.com, Centerra Gold holds a consensus rating of “Moderate Buy” and an average price target of C$11.83.

Insider Transactions

In related news, Senior Officer Claudia D’orazio executed a sale of 29,388 shares on September 27th, trading at an average price of C$10.20, culminating in a total sale amount of C$299,757.60. Additionally, another Senior Officer, Yousef Rehman, sold 71,419 shares on September 24th at an average price of C$10.03, totaling C$716,332.57. It is noted that insiders hold approximately 0.21% of the company stock.

Company Overview

Centerra Gold Inc. is a gold mining company engaged in the acquisition, exploration, development, and operation of gold and copper properties across North America, Turkey, and other international locations. The firm actively explores various deposits, including gold, copper, and molybdenum. Its primary projects comprise the fully owned Mount Milligan gold-copper mine in British Columbia, Canada, and the Öksüt gold mine located in Turkey.

Centerra, Gold, Earnings