FY2025 Earnings Forecast for Centerra Gold Issued By Cormark

Centerra Gold Inc. (NYSE:CGAU) – Cormark raised their FY2025 earnings per share (EPS) estimates for Centerra Gold in a research report issued to clients and investors on Tuesday, November 5th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.72 for the year, up from their previous estimate of $0.64. The consensus estimate for Centerra Gold’s current full-year earnings is $0.84 per share.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The firm had revenue of $323.93 million for the quarter. Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. During the same period in the previous year, the business earned $0.20 earnings per share.

A number of other research analysts also recently weighed in on the stock. CIBC restated a “neutral” rating and set a $13.00 price target (up previously from $11.00) on shares of Centerra Gold in a report on Wednesday, July 10th. Desjardins raised Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, Cibc World Mkts lowered Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $11.00.

Centerra Gold Stock Performance

Shares of CGAU opened at $6.21 on Wednesday. The firm has a market cap of $1.31 billion, a PE ratio of 12.93 and a beta of 0.98. Centerra Gold has a twelve month low of $4.47 and a twelve month high of $7.82. The firm’s 50 day moving average price is $7.05 and its 200 day moving average price is $6.87.

Hedge Funds Weigh In On Centerra Gold

Institutional investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. lifted its position in Centerra Gold by 8.8% in the first quarter. Donald Smith & CO. Inc. now owns 10,747,290 shares of the company’s stock worth $63,516,000 after purchasing an additional 867,334 shares during the period. Acadian Asset Management LLC raised its position in shares of Centerra Gold by 594.6% in the 2nd quarter. Acadian Asset Management LLC now owns 8,862,170 shares of the company’s stock valued at $59,532,000 after acquiring an additional 7,586,370 shares during the period. Edmond DE Rothschild Holding S.A. boosted its stake in Centerra Gold by 10.9% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,949,795 shares of the company’s stock worth $17,425,000 after acquiring an additional 289,795 shares during the last quarter. Bank of Montreal Can grew its holdings in Centerra Gold by 158.9% during the second quarter. Bank of Montreal Can now owns 2,433,241 shares of the company’s stock valued at $16,881,000 after purchasing an additional 1,493,349 shares during the period. Finally, Heartland Advisors Inc. lifted its holdings in shares of Centerra Gold by 2.8% during the 1st quarter. Heartland Advisors Inc. now owns 2,256,800 shares of the company’s stock valued at $13,338,000 after purchasing an additional 62,300 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Increases Dividend

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

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.