Centerra Gold Inc. (NYSE:CGAU - Free Report) - Investment analysts at Cormark lifted their FY2025 earnings estimates for shares of Centerra Gold in a research report issued on Tuesday, November 5th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.72 for the year, up from their previous forecast of $0.64. The consensus estimate for Centerra Gold's current full-year earnings is $0.84 per share.
Centerra Gold (NYSE:CGAU - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $323.93 million during the quarter. Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. During the same quarter in the previous year, the business earned $0.20 EPS.
Several other research analysts also recently issued reports on the stock. CIBC restated a "neutral" rating and set a $13.00 price objective (up previously from $11.00) on shares of Centerra Gold in a report on Wednesday, July 10th. Cibc World Mkts downgraded shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 10th. Finally, Desjardins upgraded shares of Centerra Gold to a "moderate buy" rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Centerra Gold presently has a consensus rating of "Moderate Buy" and an average price target of $11.00.
Read Our Latest Stock Report on CGAU
Centerra Gold Stock Performance
Shares of NYSE:CGAU traded down $0.16 on Wednesday, hitting $6.21. 1,295,925 shares of the company were exchanged, compared to its average volume of 637,451. The company's 50 day moving average price is $7.05 and its two-hundred day moving average price is $6.87. Centerra Gold has a one year low of $4.47 and a one year high of $7.82. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.98 and a beta of 0.98.
Institutional Trading of Centerra Gold
Several institutional investors have recently made changes to their positions in CGAU. Donald Smith & CO. Inc. boosted its position in Centerra Gold by 8.8% in the first quarter. Donald Smith & CO. Inc. now owns 10,747,290 shares of the company's stock valued at $63,516,000 after buying an additional 867,334 shares in the last quarter. Acadian Asset Management LLC boosted its position in Centerra Gold by 594.6% in the second quarter. Acadian Asset Management LLC now owns 8,862,170 shares of the company's stock valued at $59,532,000 after buying an additional 7,586,370 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in Centerra Gold by 10.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,949,795 shares of the company's stock valued at $17,425,000 after buying an additional 289,795 shares in the last quarter. Bank of Montreal Can boosted its position in Centerra Gold by 158.9% in the second quarter. Bank of Montreal Can now owns 2,433,241 shares of the company's stock valued at $16,881,000 after buying an additional 1,493,349 shares in the last quarter. Finally, Heartland Advisors Inc. boosted its position in Centerra Gold by 2.8% in the first quarter. Heartland Advisors Inc. now owns 2,256,800 shares of the company's stock valued at $13,338,000 after buying an additional 62,300 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.
Centerra Gold Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.052 per share. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, November 13th. Centerra Gold's payout ratio is 41.67%.
Centerra Gold Company Profile
(
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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.
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