FY2027 EPS Estimates for Centerra Gold Raised by Scotiabank

Centerra Gold Inc. (NYSE:CGAU) – Investment analysts at Scotiabank upped their FY2027 earnings per share (EPS) estimates for shares of Centerra Gold in a research note issued on Wednesday, July 15th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $1.27 for the year, up from their previous forecast of $1.14. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $1.61 per share.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $484.70 million for the quarter, compared to the consensus estimate of $373.47 million. Centerra Gold had a return on equity of 14.90% and a net margin of 40.32%.

Several other equities research analysts have also recently weighed in on the stock. Zacks Research cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research note on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Centerra Gold from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.50.

Centerra Gold Stock Down 0.0%

NYSE CGAU opened at $15.09 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.60 and a current ratio of 2.41. The company has a market capitalization of $2.99 billion, a P/E ratio of 4.87, a P/E/G ratio of 0.57 and a beta of 0.81. Centerra Gold has a one year low of $6.71 and a one year high of $21.17. The stock has a 50 day moving average price of $16.53 and a 200-day moving average price of $17.42.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, May 21st. Centerra Gold’s dividend payout ratio is presently 6.77%.

Institutional Trading of Centerra Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new position in shares of Centerra Gold during the first quarter valued at approximately $192,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Centerra Gold during the first quarter valued at approximately $97,000. Goldman Sachs Group Inc. raised its holdings in shares of Centerra Gold by 57.2% in the first quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock worth $84,739,000 after buying an additional 4,853,494 shares during the period. Empowered Funds LLC purchased a new stake in shares of Centerra Gold in the first quarter worth approximately $218,000. Finally, Geode Capital Management LLC lifted its stake in shares of Centerra Gold by 20.3% during the 2nd quarter. Geode Capital Management LLC now owns 767,536 shares of the company’s stock worth $5,534,000 after acquiring an additional 129,737 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Centerra Gold Company Profile

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.