Raymond James Has Negative View of Centerra Gold Q2 Earnings

Centerra Gold Inc. (NYSE:CGAU - Free Report) - Raymond James dropped their Q2 2025 EPS estimates for Centerra Gold in a report released on Monday, March 31st. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.05 for the quarter, down from their prior forecast of $0.07. The consensus estimate for Centerra Gold's current full-year earnings is $0.59 per share.

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

Several other research analysts have also issued reports on the stock. CIBC reaffirmed a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. Cormark lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. Scotiabank lowered their target price on shares of Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating for the company in a report on Wednesday, January 15th. Desjardins downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, National Bank Financial upgraded Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. Four investment 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.00.

Centerra Gold Trading Down 9.4 %

Centerra Gold stock traded down $0.59 during mid-day trading on Wednesday, hitting $5.63. The stock had a trading volume of 1,197,976 shares, compared to its average volume of 828,369. The stock has a 50-day simple moving average of $6.18 and a two-hundred day simple moving average of $6.31. The stock has a market capitalization of $1.18 billion, a PE ratio of 15.63 and a beta of 0.81. Centerra Gold has a 12 month low of $5.46 and a 12 month high of $7.82.

Centerra Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.07 dividend. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.28 annualized dividend and a dividend yield of 4.98%. Centerra Gold's payout ratio is 52.78%.

Institutional Trading of Centerra Gold

A number of large investors have recently made changes to their positions in CGAU. Donald Smith & CO. Inc. grew its stake in Centerra Gold by 30.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 8,723,060 shares of the company's stock valued at $49,634,000 after acquiring an additional 2,017,756 shares during the period. Amundi boosted its stake in Centerra Gold by 168.6% in the 4th quarter. Amundi now owns 2,628,623 shares of the company's stock worth $15,377,000 after purchasing an additional 1,650,160 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Centerra Gold by 24.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,808,773 shares of the company's stock valued at $33,028,000 after purchasing an additional 1,126,825 shares during the period. Man Group plc lifted its holdings in shares of Centerra Gold by 43.2% in the fourth quarter. Man Group plc now owns 3,038,739 shares of the company's stock valued at $17,283,000 after purchasing an additional 916,255 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Centerra Gold by 34.1% during the fourth quarter. American Century Companies Inc. now owns 3,291,860 shares of the company's stock worth $18,733,000 after buying an additional 836,777 shares during the period. Institutional investors own 55.40% of the company's stock.

About Centerra Gold

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.