FY2024 EPS Estimates for Centerra Gold Lowered by Analyst

Centerra Gold Inc. (NYSE:CGAU) – Analysts at Desjardins decreased their FY2024 earnings per share (EPS) estimates for shares of Centerra Gold in a research report issued on Thursday, February 13th. Desjardins analyst A. Carson now forecasts that the company will earn $0.68 per share for the year, down from their prior estimate of $0.80. Desjardins has a “Hold” rating on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.77 per share. Desjardins also issued estimates for Centerra Gold’s Q4 2024 earnings at $0.14 EPS.

Separately, Scotiabank decreased their price objective on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.00.

Centerra Gold Stock Performance

Shares of NYSE:CGAU opened at $6.40 on Monday. Centerra Gold has a one year low of $4.88 and a one year high of $7.82. The business’s fifty day moving average price is $6.02 and its two-hundred day moving average price is $6.51. The stock has a market cap of $1.34 billion, a PE ratio of 13.32 and a beta of 0.91.

Institutional Investors Weigh In On Centerra Gold

Several hedge funds have recently made changes to their positions in CGAU. CWM LLC acquired a new stake in shares of Centerra Gold during the third quarter worth $57,000. SG Americas Securities LLC purchased a new position in shares of Centerra Gold in the 4th quarter worth $59,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Centerra Gold in the 4th quarter worth $60,000. Susquehanna Advisors Group Inc. purchased a new position in shares of Centerra Gold in the 4th quarter worth $61,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Centerra Gold in the 4th quarter worth $80,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.