Centerra Gold Inc. (NYSE:CGAU – Free Report) – Stock analysts at Scotiabank increased their FY2025 earnings per share (EPS) estimates for shares of Centerra Gold in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts 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.
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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $11.00.
Centerra Gold Price Performance
CGAU stock opened at $5.99 on Monday. The firm has a market cap of $1.26 billion, a PE ratio of 12.48 and a beta of 0.90. Centerra Gold has a 12 month low of $4.47 and a 12 month high of $7.82. The firm has a 50 day simple moving average of $5.92 and a 200 day simple moving average of $6.58.
Centerra Gold (NYSE:CGAU – Get Free Report) last issued 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 business had revenue of $323.93 million during the quarter. Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. During the same period last year, the firm earned $0.20 earnings per share.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CGAU. American Century Companies Inc. increased its stake in shares of Centerra Gold by 132.8% in the second quarter. American Century Companies Inc. now owns 1,835,673 shares of the company’s stock worth $12,345,000 after acquiring an additional 1,047,142 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Centerra Gold in the 2nd quarter valued at $131,000. Renaissance Technologies LLC increased its position in Centerra Gold by 29.0% during the second quarter. Renaissance Technologies LLC now owns 327,800 shares of the company’s stock worth $2,203,000 after buying an additional 73,600 shares during the last quarter. Old West Investment Management LLC bought a new position in Centerra Gold during the second quarter valued at about $1,344,000. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Centerra Gold by 12.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock worth $96,000 after buying an additional 1,573 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.
Centerra Gold Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.052 per share. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is currently 43.75%.
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.
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