FY2025 EPS Estimates for Centerra Gold Lifted by Scotiabank

Centerra Gold Inc. (NYSE:CGAU) – Stock analysts at Scotiabank raised their FY2025 earnings per share estimates for Centerra Gold in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $0.45 for the year, up from their previous estimate of $0.19. The consensus estimate for Centerra Gold’s current full-year earnings is $0.79 per share.

Centerra Gold (NYSE:CGAU) last posted its 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 return on equity of 10.34% and a net margin of 8.31%. The firm had revenue of $323.93 million during the quarter. During the same quarter in the prior year, the company earned $0.20 EPS.

Separately, Desjardins raised Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

Centerra Gold Stock Performance

Shares of Centerra Gold stock opened at $5.83 on Monday. The stock has a 50 day moving average price of $5.94 and a 200-day moving average price of $6.60. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 12.15 and a beta of 0.90. Centerra Gold has a one year low of $4.47 and a one year high of $7.82.

Centerra Gold Increases Dividend

The business also recently announced 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. This represents a $0.21 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Wednesday, November 13th. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s dividend payout ratio (DPR) is 43.75%.

Institutional Trading of Centerra Gold

Several hedge funds have recently modified their holdings of the company. CWM LLC acquired a new stake in shares of Centerra Gold during the third quarter worth $57,000. Capstone Investment Advisors LLC acquired a new stake in shares of Centerra Gold during the third quarter worth about $89,000. Vanguard Personalized Indexing Management LLC raised its position in Centerra Gold by 12.3% during 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 in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Centerra Gold during the 3rd quarter worth about $127,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Centerra Gold during the second quarter worth $131,000. 55.40% of the stock is owned by hedge funds and other 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.