FY2025 EPS Estimates for Centerra Gold Raised by Scotiabank

Centerra Gold Inc. (NYSE:CGAU - Free Report) - Research analysts at Scotiabank raised their FY2025 earnings estimates for Centerra Gold in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $0.45 for the year, up from their prior forecast of $0.19. The consensus estimate for Centerra Gold's current full-year earnings is $0.79 per share.

Separately, Desjardins raised Centerra Gold to a "moderate buy" rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $11.00.

Centerra Gold Stock Down 1.0 %

Shares of CGAU stock traded down $0.06 on Monday, reaching $5.76. The company's stock had a trading volume of 764,605 shares, compared to its average volume of 637,688. The company has a market capitalization of $1.21 billion, a P/E ratio of 12.00 and a beta of 0.90. Centerra Gold has a 12-month low of $4.47 and a 12-month high of $7.82. The stock's 50 day simple moving average is $5.94 and its 200-day simple moving average is $6.60.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. The firm had revenue of $323.93 million for the quarter. During the same quarter in the previous year, the business earned $0.20 earnings per share.

Centerra Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $0.052 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Wednesday, November 13th. This is a boost from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's dividend payout ratio is currently 43.75%.

Institutional Investors Weigh In On Centerra Gold

Hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in Centerra Gold by 36.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,390,005 shares of the company's stock valued at $31,514,000 after buying an additional 1,175,000 shares during the period. Jane Street Group LLC boosted its holdings in Centerra Gold by 145.6% during the 3rd quarter. Jane Street Group LLC now owns 419,992 shares of the company's stock valued at $3,015,000 after acquiring an additional 249,004 shares during the period. Geode Capital Management LLC grew its position in Centerra Gold by 378.7% during the 3rd quarter. Geode Capital Management LLC now owns 454,939 shares of the company's stock worth $4,152,000 after acquiring an additional 359,905 shares during the last quarter. Renaissance Technologies LLC lifted its position in Centerra Gold by 29.0% in the second quarter. Renaissance Technologies LLC now owns 327,800 shares of the company's stock valued at $2,203,000 after purchasing an additional 73,600 shares during the last quarter. Finally, Old West Investment Management LLC purchased a new stake in shares of Centerra Gold during the second quarter valued at approximately $1,344,000. 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.