Centerra Gold FY2025 EPS Estimate Increased by Scotiabank

Centerra Gold Inc. (NYSE:CGAU) – Investment analysts at Scotiabank raised their FY2025 earnings per share (EPS) estimates for shares of Centerra Gold in a report issued on Friday, November 28th. Scotiabank analyst O. Habib now expects that the company will post earnings of $1.05 per share for the year, up from their prior forecast of $0.99. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.59 per share.

Centerra Gold (NYSE:CGAU) last released its earnings results on Tuesday, October 28th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. The business had revenue of $395.20 million during the quarter, compared to analysts’ expectations of $314.74 million. Centerra Gold had a return on equity of 10.47% and a net margin of 26.35%.

CGAU has been the topic of several other reports. Royal Bank Of Canada lowered shares of Centerra Gold from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $13.00 to $14.00 in a research note on Wednesday, September 10th. Weiss Ratings restated a “buy (b)” rating on shares of Centerra Gold in a research note on Tuesday, November 25th. Raymond James Financial restated a “market perform” rating on shares of Centerra Gold in a report on Thursday, October 30th. Wall Street Zen upgraded Centerra Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Finally, Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.17.

Centerra Gold Price Performance

Centerra Gold stock opened at $13.25 on Monday. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 0.62 and a beta of 0.89. Centerra Gold has a 52-week low of $5.41 and a 52-week high of $13.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.59 and a current ratio of 2.89. The stock’s 50 day moving average price is $11.52 and its two-hundred day moving average price is $8.91.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 2.1%. Centerra Gold’s dividend payout ratio is presently 11.59%.

Institutional Investors Weigh In On Centerra Gold

Several institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new position in shares of Centerra Gold in the second quarter worth about $27,000. Burkett Financial Services LLC bought a new position in Centerra Gold in the 3rd quarter worth approximately $30,000. TD Waterhouse Canada Inc. grew its stake in Centerra Gold by 1,106.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company’s stock valued at $33,000 after buying an additional 2,733 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Centerra Gold by 63.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after acquiring an additional 1,839 shares during the period. Finally, Pinnacle Holdings LLC purchased a new stake in shares of Centerra Gold during the first quarter worth $39,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

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.