FY2025 EPS Estimates for Centerra Gold Reduced by Scotiabank

Centerra Gold Inc. (NYSE:CGAU) – Investment analysts at Scotiabank reduced their FY2025 earnings estimates for shares of Centerra Gold in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $0.37 per share for the year, down from their previous forecast of $0.45. Scotiabank has a “Sector Outperform” rating and a $9.00 price objective 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.

Centerra Gold (NYSE:CGAU) last posted its earnings results 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 business had revenue of $302.40 million during the quarter, compared to the consensus estimate of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%.

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

Centerra Gold Trading Up 3.6 %

CGAU stock opened at $6.32 on Monday. The firm has a market cap of $1.33 billion, a P/E ratio of 17.56 and a beta of 0.92. Centerra Gold has a 1-year low of $5.46 and a 1-year high of $7.82. The business’s 50 day moving average is $6.14 and its 200-day moving average is $6.34.

Centerra Gold Increases Dividend

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

Institutional Investors Weigh In On Centerra Gold

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

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.