Raymond James Reduces Earnings Estimates for Centerra Gold

Centerra Gold Inc. (NYSE:CGAU) – Research analysts at Raymond James lowered their Q1 2025 earnings estimates for shares of Centerra Gold in a report released on Sunday, November 3rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.08 for the quarter, down from their previous forecast of $0.13. The consensus estimate for Centerra Gold’s current full-year earnings is $0.84 per share. Raymond James also issued estimates for Centerra Gold’s Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.34 EPS.

Several other research firms have also weighed in on CGAU. CIBC reaffirmed a “neutral” rating and issued a $13.00 price objective (up from $11.00) on shares of Centerra Gold in a research note on Wednesday, July 10th. Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Finally, Cibc World Mkts cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Centerra Gold Stock Performance

Shares of CGAU opened at $6.21 on Wednesday. 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 $1.31 billion, a price-to-earnings ratio of 12.93 and a beta of 0.98. The business’s fifty day moving average is $7.05 and its 200-day moving average is $6.87.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings data 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). Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. The firm had revenue of $323.93 million during the quarter. During the same quarter last year, the business earned $0.20 earnings per share.

Centerra Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.052 per share. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Wednesday, November 13th. Centerra Gold’s payout ratio is 41.67%.

Institutional Investors Weigh In On Centerra Gold

A number of institutional investors have recently added to or reduced their stakes in the business. CWM LLC bought a new stake in shares of Centerra Gold in the 3rd quarter valued at about $57,000. Vanguard Personalized Indexing Management LLC boosted its holdings 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. Virtu Financial LLC bought a new stake in Centerra Gold in the first quarter valued at approximately $113,000. DekaBank Deutsche Girozentrale acquired a new stake in Centerra Gold during the 2nd quarter valued at approximately $131,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Centerra Gold during the 2nd quarter worth approximately $154,000. 55.40% of the stock is owned by institutional investors.

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.