FY2025 EPS Estimates for Centerra Gold Boosted by Scotiabank

Centerra Gold Inc. (NYSE:CGAU) – Equities researchers at Scotiabank raised their FY2025 EPS estimates for shares of Centerra Gold in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $0.45 for the year, up from their prior estimate of $0.19. The consensus estimate for Centerra Gold’s current full-year earnings is $0.79 per share.

Separately, Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.00.

Centerra Gold Stock Up 4.2 %

Shares of NYSE:CGAU opened at $5.99 on Monday. Centerra Gold has a twelve month low of $4.47 and a twelve month high of $7.82. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 12.48 and a beta of 0.90. The business has a 50 day moving average price of $5.92 and a 200 day moving average price of $6.58.

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

Centerra Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.052 per share. The ex-dividend date was Wednesday, November 13th. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 dividend on an annualized basis and a dividend yield of 3.47%. Centerra Gold’s payout ratio is currently 43.75%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in Centerra Gold by 132.8% in the 2nd quarter. American Century Companies Inc. now owns 1,835,673 shares of the company’s stock valued at $12,345,000 after buying an additional 1,047,142 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Centerra Gold during the 2nd quarter valued at about $131,000. Renaissance Technologies LLC boosted its position in shares of Centerra Gold by 29.0% during the 2nd quarter. Renaissance Technologies LLC now owns 327,800 shares of the company’s stock valued at $2,203,000 after acquiring an additional 73,600 shares in the last quarter. Old West Investment Management LLC bought a new stake in Centerra Gold in the second quarter valued at about $1,344,000. Finally, Vanguard Personalized Indexing Management LLC raised 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 worth $96,000 after purchasing an additional 1,573 shares in the last quarter. 55.40% of the stock is owned by institutional investors.

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.