Raymond James Raises Earnings Estimates for Centerra Gold

Centerra Gold Inc. (NYSE:CGAU) – Investment analysts at Raymond James raised their Q4 2024 earnings per share estimates for Centerra Gold in a report issued on Wednesday, December 18th. Raymond James analyst B. Macarthur now anticipates 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.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.18 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 period in the prior year, the company posted $0.20 EPS.

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

Centerra Gold Stock Performance

Shares of CGAU stock opened at $5.69 on Friday. Centerra Gold has a 52-week low of $4.47 and a 52-week high of $7.82. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 11.85 and a beta of 0.89. The firm’s 50-day moving average is $6.39 and its 200-day moving average is $6.72.

Hedge Funds Weigh In On Centerra Gold

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC acquired a new stake in Centerra Gold during the 3rd quarter worth approximately $57,000. Capstone Investment Advisors LLC bought a new position in Centerra Gold during the 3rd quarter worth $89,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Centerra Gold by 12.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock worth $96,000 after buying an additional 1,573 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Centerra Gold in the third quarter valued at about $127,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Centerra Gold in the second quarter valued at about $131,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Increases Dividend

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

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.