Centerra Gold (NYSE:CGAU) Rating Lowered to Hold at Cormark

Centerra Gold (NYSE:CGAU) was downgraded by equities researchers at Cormark from a “moderate buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports. Cormark also issued estimates for Centerra Gold’s Q1 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.09 EPS and FY2026 earnings at $0.61 EPS.

CGAU has been the subject of a number of other research reports. Scotiabank reduced their price target on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a report on Wednesday, January 15th. Desjardins downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.00.

Centerra Gold Price Performance

CGAU opened at $5.69 on Wednesday. The firm has a fifty day moving average price of $6.08 and a 200 day moving average price of $6.49. Centerra Gold has a 1 year low of $4.90 and a 1 year high of $7.82. The stock has a market cap of $1.20 billion, a P/E ratio of 15.82 and a beta of 0.91.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The firm had revenue of $302.40 million during the quarter, compared to analysts’ expectations of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. Equities analysts expect that Centerra Gold will post 0.59 EPS for the current year.

Institutional Investors Weigh In On Centerra Gold

Several large investors have recently bought and sold shares of CGAU. Vise Technologies Inc. purchased a new stake in shares of Centerra Gold during the fourth quarter worth approximately $58,000. SG Americas Securities LLC acquired a new stake in Centerra Gold during the 4th quarter worth $59,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Centerra Gold during the fourth quarter worth $60,000. Susquehanna Advisors Group Inc. acquired a new stake in shares of Centerra Gold in the fourth quarter valued at about $61,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Centerra Gold in the third quarter worth about $89,000. 55.40% of the stock is currently owned by hedge funds and other 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.