Centerra Gold Inc. (NYSE:CGAU - Free Report) - Research analysts at Raymond James upped their Q3 2024 earnings estimates for Centerra Gold in a note issued to investors on Monday, September 23rd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.20 per share for the quarter, up from their prior estimate of $0.16. The consensus estimate for Centerra Gold's current full-year earnings is $0.82 per share. Raymond James also issued estimates for Centerra Gold's Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.12 EPS, Q3 2025 earnings at $0.12 EPS, Q4 2025 earnings at $0.12 EPS and FY2025 earnings at $0.49 EPS.
Several other research analysts have also issued reports on the company. CIBC restated a "neutral" rating and issued a $13.00 price target (up from $11.00) on shares of Centerra Gold in a research report on Wednesday, July 10th. Cibc World Mkts cut Centerra Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $11.00.
Read Our Latest Analysis on CGAU
Centerra Gold Stock Up 3.9 %
CGAU stock traded up $0.29 during midday trading on Thursday, reaching $7.79. The company's stock had a trading volume of 1,586,240 shares, compared to its average volume of 606,560. The business's 50-day simple moving average is $6.85 and its 200-day simple moving average is $6.60. The stock has a market cap of $1.65 billion, a PE ratio of 28.00 and a beta of 0.98. Centerra Gold has a 52 week low of $4.47 and a 52 week high of $7.82.
Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.07. Centerra Gold had a return on equity of 10.72% and a net margin of 10.68%. The firm had revenue of $282.31 million during the quarter. During the same period in the prior year, the firm posted ($0.20) earnings per share.
Centerra Gold Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.051 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.20 annualized dividend and a yield of 2.62%. Centerra Gold's dividend payout ratio is presently 74.07%.
Institutional Investors Weigh In On Centerra Gold
Several large investors have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Centerra Gold by 12.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company's stock worth $96,000 after acquiring an additional 1,573 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Centerra Gold in the 4th quarter valued at about $98,000. Virtu Financial LLC bought a new stake in shares of Centerra Gold in the first quarter valued at about $113,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Centerra Gold during the second quarter worth about $131,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Centerra Gold during the second quarter worth about $154,000. 55.40% of the stock is currently owned by institutional investors.
About Centerra Gold
(
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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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