Q4 EPS Estimates for Centerra Gold Boosted by Raymond James

Centerra Gold Inc. (NYSE:CGAU) – Equities researchers at Raymond James raised their Q4 2024 earnings estimates for shares of Centerra Gold in a research note issued to investors on Wednesday, December 18th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.15 for the quarter, up from their prior estimate of $0.14. The consensus estimate for Centerra Gold’s current full-year earnings is $0.79 per share. Raymond James also issued estimates for Centerra Gold’s Q3 2025 earnings at $0.08 EPS.

Centerra Gold (NYSE:CGAU) last released its earnings results on Thursday, October 31st. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. The company had revenue of $323.93 million for the quarter. During the same period in the prior year, the company earned $0.20 earnings per share.

Separately, Desjardins upgraded Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Centerra Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Centerra Gold Trading Up 0.2 %

Shares of CGAU stock opened at $5.69 on Friday. The company’s 50-day moving average price is $6.39 and its 200-day moving average price is $6.72. Centerra Gold has a twelve month low of $4.47 and a twelve month high of $7.82. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 11.85 and a beta of 0.89.

Hedge Funds Weigh In On Centerra Gold

Large investors have recently bought and sold shares of the stock. CWM LLC purchased a new stake in shares of Centerra Gold during the third quarter worth approximately $57,000. Capstone Investment Advisors LLC acquired a new stake in shares of Centerra Gold in the 3rd quarter worth $89,000. Vanguard Personalized Indexing Management LLC boosted its holdings 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 valued at $96,000 after acquiring an additional 1,573 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Centerra Gold during the third quarter worth about $127,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Centerra Gold in the second quarter valued at about $131,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.052 per share. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, November 13th. This represents a $0.21 annualized dividend and a yield of 3.66%. Centerra Gold’s payout ratio is presently 41.67%.

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.