Q4 EPS Estimates for Centerra Gold Raised by Raymond James

Centerra Gold Inc. (NYSE:CGAU - Free Report) - Research analysts at Raymond James increased their Q4 2024 earnings per share (EPS) estimates for shares of Centerra Gold in a research report issued to clients and investors on Wednesday, December 18th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.15 per share for the quarter, up from their prior estimate of $0.14. The consensus estimate for Centerra Gold's current full-year earnings is $0.79 per share. Raymond James also issued estimates for Centerra Gold's Q3 2025 earnings at $0.08 EPS.

Separately, Desjardins upgraded shares of Centerra Gold to a "moderate buy" rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $11.00.

Centerra Gold Stock Up 0.2 %

Shares of Centerra Gold stock traded up $0.01 during trading on Friday, reaching $5.69. The company's stock had a trading volume of 5,403,866 shares, compared to its average volume of 698,066. The business's 50-day moving average price is $6.39 and its 200-day moving average price is $6.72. Centerra Gold has a 52 week low of $4.47 and a 52 week high of $7.82. The firm has a market cap of $1.20 billion, a PE ratio of 11.85 and a beta of 0.89.

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

Hedge Funds Weigh In On Centerra Gold

Several hedge funds have recently bought and sold shares of the company. CWM LLC bought a new position in shares of Centerra Gold in the 3rd quarter valued at $57,000. Capstone Investment Advisors LLC acquired a new stake in Centerra Gold in the third quarter valued at about $89,000. Vanguard Personalized Indexing Management LLC grew its position in Centerra Gold by 12.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company's stock valued at $96,000 after acquiring an additional 1,573 shares during the last quarter. HighTower Advisors LLC acquired a new position in Centerra Gold during the third quarter worth about $127,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Centerra Gold during the second quarter worth about $131,000. 55.40% of the stock is owned by institutional investors.

Centerra Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $0.052 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 3.66%. This is a boost from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's dividend payout ratio (DPR) is presently 41.67%.

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.