Scotiabank Brokers Cut Earnings Estimates for Centerra Gold

Centerra Gold Inc. (NYSE:CGAU) – Research analysts at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for shares of Centerra Gold in a report issued on Wednesday, March 19th. Scotiabank analyst O. Habib now expects that the company will post earnings of $0.37 per share for the year, down from their previous estimate of $0.45. Scotiabank currently has a “Sector Outperform” rating and a $9.00 price target on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.59 per share. Scotiabank also issued estimates for Centerra Gold’s FY2026 earnings at $0.35 EPS.

Several other analysts also recently issued reports on the company. National Bank Financial upgraded Centerra Gold to a “strong-buy” rating in a research note on Friday, March 21st. Cormark cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Desjardins lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Centerra Gold Trading Up 3.6 %

Shares of NYSE:CGAU opened at $6.32 on Monday. Centerra Gold has a 1 year low of $5.46 and a 1 year high of $7.82. The firm has a fifty day moving average price of $6.14 and a 200 day moving average price of $6.34. The stock has a market capitalization of $1.33 billion, a PE ratio of 17.56 and a beta of 0.92.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The business had revenue of $302.40 million during the quarter, compared to the consensus estimate of $316.92 million.

Centerra Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.07 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a yield of 4.43%. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s dividend payout ratio (DPR) is 52.78%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CGAU. Vise Technologies Inc. acquired a new stake in shares of Centerra Gold in the fourth quarter worth $58,000. SG Americas Securities LLC acquired a new stake in Centerra Gold in the 4th quarter worth $59,000. Massachusetts Financial Services Co. MA bought a new position in shares of Centerra Gold during the 4th quarter worth about $60,000. Susquehanna Advisors Group Inc. acquired a new position in shares of Centerra Gold during the fourth quarter valued at about $61,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Centerra Gold in the third quarter valued at about $89,000. 55.40% of the stock is owned by 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.