FY2025 EPS Estimates for Centerra Gold Lowered by Scotiabank

Centerra Gold Inc. (NYSE:CGAU - Free Report) - Scotiabank dropped their FY2025 EPS estimates for Centerra Gold in a report released on Wednesday, March 19th. Scotiabank analyst O. Habib now forecasts that the company will earn $0.37 per share for the year, down from their prior forecast of $0.45. Scotiabank currently has a "Sector Outperform" rating and a $9.00 target price on the stock. The consensus estimate for Centerra Gold's current full-year earnings is $0.59 per share. Scotiabank also issued estimates for Centerra Gold's FY2026 earnings at $0.35 EPS.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The business had revenue of $302.40 million for the quarter, compared to analysts' expectations of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%.

Other equities analysts also recently issued research reports about the stock. CIBC reissued a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. Cormark downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. Desjardins lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. Finally, National Bank Financial upgraded Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Centerra Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.00.

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Centerra Gold Trading Up 2.1 %

Shares of NYSE CGAU traded up $0.14 during trading hours on Monday, reaching $6.42. The stock had a trading volume of 459,699 shares, compared to its average volume of 781,422. Centerra Gold has a 52-week low of $5.46 and a 52-week high of $7.82. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 17.82 and a beta of 0.92. The business's fifty day moving average price is $6.15 and its two-hundred day moving average price is $6.34.

Institutional Trading of Centerra Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can lifted its holdings in shares of Centerra Gold by 59.0% in the 3rd quarter. Bank of Montreal Can now owns 3,869,035 shares of the company's stock worth $28,690,000 after acquiring an additional 1,435,794 shares during the last quarter. Quantbot Technologies LP raised its position in Centerra Gold by 129.6% in the third quarter. Quantbot Technologies LP now owns 57,796 shares of the company's stock valued at $414,000 after purchasing an additional 32,621 shares during the period. FMR LLC lifted its stake in Centerra Gold by 114.5% during the third quarter. FMR LLC now owns 37,100 shares of the company's stock worth $266,000 after purchasing an additional 19,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Centerra Gold by 8.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,308 shares of the company's stock worth $419,000 after buying an additional 4,373 shares during the period. Finally, Northwest & Ethical Investments L.P. grew its stake in shares of Centerra Gold by 15.1% in the third quarter. Northwest & Ethical Investments L.P. now owns 150,869 shares of the company's stock valued at $1,083,000 after buying an additional 19,791 shares in the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Centerra Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's payout ratio is currently 52.78%.

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.