Centerra Gold Inc. (NYSE:CGAU - Free Report) - Research analysts at National Bank Financial lowered their FY2024 EPS estimates for Centerra Gold in a report released on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $0.86 per share for the year, down from their previous estimate of $0.89. The consensus estimate for Centerra Gold's current full-year earnings is $0.84 per share. National Bank Financial also issued estimates for Centerra Gold's FY2025 earnings at $0.93 EPS.
Several other research analysts also recently commented on the stock. CIBC reaffirmed a "neutral" rating and issued a $13.00 price objective (up from $11.00) on shares of Centerra Gold in a report on Wednesday, July 10th. Cibc World Mkts lowered Centerra Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $11.00.
Check Out Our Latest Stock Analysis on Centerra Gold
Centerra Gold Stock Down 3.3 %
CGAU traded down $0.25 during trading hours on Friday, hitting $7.25. The stock had a trading volume of 656,431 shares, compared to its average volume of 627,194. The stock has a market cap of $1.55 billion, a PE ratio of 26.85 and a beta of 0.98. The company's fifty day simple moving average is $7.12 and its 200 day simple moving average is $6.82. Centerra Gold has a 1 year low of $4.47 and a 1 year high of $7.82.
Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.07. Centerra Gold had a net margin of 10.68% and a return on equity of 10.72%. The company had revenue of $282.31 million for the quarter. During the same period last year, the firm posted ($0.20) EPS.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of CGAU. Van ECK Associates Corp raised its stake in Centerra Gold by 7.6% in the first quarter. Van ECK Associates Corp now owns 22,034,754 shares of the company's stock valued at $130,191,000 after purchasing an additional 1,552,601 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of Centerra Gold by 8.8% during the 1st quarter. Donald Smith & CO. Inc. now owns 10,747,290 shares of the company's stock worth $63,516,000 after acquiring an additional 867,334 shares during the last quarter. Acadian Asset Management LLC grew 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 worth $59,532,000 after acquiring an additional 7,586,370 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Centerra Gold by 8.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,164,687 shares of the company's stock valued at $18,862,000 after acquiring an additional 247,027 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its stake 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 acquiring an additional 289,795 shares during the last quarter. 55.40% of the stock is owned by institutional investors.
Centerra Gold Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.051 dividend. This represents a $0.20 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, August 15th. Centerra Gold's dividend payout ratio is presently 74.07%.
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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