Cormark Weighs in on Centerra Gold’s Q1 Earnings (NYSE:CGAU)

Centerra Gold Inc. (NYSE:CGAU) – Equities researchers at Cormark raised their Q1 2025 earnings per share estimates for shares of Centerra Gold in a research note issued on Tuesday, April 22nd. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.11 per share for the quarter, up from their previous forecast of $0.09. Cormark has a “Hold” rating on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.59 per share.

A number of other brokerages also recently commented on CGAU. Desjardins downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. National Bank Financial upgraded Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st. Scotiabank reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Monday, April 14th. Raymond James reissued an “outperform” rating on shares of Centerra Gold in a research report on Friday, April 4th. Finally, National Bankshares restated an “outperform” rating on shares of Centerra Gold in a report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $12.00.

Centerra Gold Stock Down 2.0 %

Shares of NYSE:CGAU opened at $6.69 on Wednesday. Centerra Gold has a 12-month low of $5.41 and a 12-month high of $7.82. The firm has a market capitalization of $1.40 billion, a P/E ratio of 18.58 and a beta of 0.81. The firm has a fifty day moving average of $6.17 and a two-hundred day moving average of $6.24.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $302.40 million for 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%.

Centerra Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s dividend payout ratio (DPR) is 52.78%.

Institutional Trading of Centerra Gold

A number of institutional investors and hedge funds have recently modified their holdings of CGAU. Vise Technologies Inc. acquired a new position in Centerra Gold in the 4th quarter valued at $58,000. SG Americas Securities LLC bought a new stake in Centerra Gold during the fourth quarter valued at about $59,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Centerra Gold in the fourth quarter valued at about $60,000. Susquehanna Advisors Group Inc. bought a new position in shares of Centerra Gold in the fourth quarter worth about $61,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Centerra Gold during the 4th quarter worth about $79,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

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.