FY2024 EPS Estimates for Centerra Gold Lowered by Desjardins

Centerra Gold Inc. (NYSE:CGAU - Free Report) - Investment analysts at Desjardins lowered their FY2024 earnings estimates for shares of Centerra Gold in a research note issued on Thursday, February 13th. Desjardins analyst A. Carson now forecasts that the company will earn $0.68 per share for the year, down from their previous estimate of $0.80. Desjardins currently has a "Hold" rating on the stock. The consensus estimate for Centerra Gold's current full-year earnings is $0.73 per share. Desjardins also issued estimates for Centerra Gold's Q4 2024 earnings at $0.14 EPS.

Separately, Scotiabank dropped their price objective on Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $11.00.

Centerra Gold Stock Performance

NYSE:CGAU traded up $0.20 during trading hours on Monday, reaching $6.65. The company's stock had a trading volume of 748,503 shares, compared to its average volume of 695,149. Centerra Gold has a 12 month low of $4.88 and a 12 month high of $7.82. The stock has a 50 day moving average price of $6.05 and a two-hundred day moving average price of $6.51. The company has a market capitalization of $1.40 billion, a P/E ratio of 13.84 and a beta of 0.91.

Institutional Trading of Centerra Gold

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. increased its position in Centerra Gold by 30.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 8,723,060 shares of the company's stock valued at $49,634,000 after buying an additional 2,017,756 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Centerra Gold by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 8,254,618 shares of the company's stock valued at $46,977,000 after purchasing an additional 76,544 shares during the last quarter. Royal Bank of Canada boosted its stake in Centerra Gold by 7.2% in the 4th quarter. Royal Bank of Canada now owns 7,950,409 shares of the company's stock worth $45,238,000 after purchasing an additional 530,601 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Centerra Gold by 24.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,808,773 shares of the company's stock worth $33,028,000 after purchasing an additional 1,126,825 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Centerra Gold by 36.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,390,005 shares of the company's stock valued at $31,514,000 after purchasing an additional 1,175,000 shares in the last quarter. Hedge funds and other institutional investors own 55.40% 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.