Analysts Offer Predictions for Centerra Gold FY2025 Earnings

Centerra Gold Inc. (NYSE:CGAU) – Equities research analysts at Scotiabank lowered their FY2025 earnings per share estimates for shares of Centerra Gold in a report released on Wednesday, March 19th. Scotiabank analyst O. Habib now forecasts that the company will earn $0.37 per share for the year, down from their previous estimate 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 announced its quarterly earnings results on Thursday, February 20th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The firm had revenue of $302.40 million for the quarter, compared to analysts’ expectations of $316.92 million.

Other equities analysts have also recently issued research reports about the company. Desjardins cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Cormark downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Centerra Gold has a consensus rating of “Hold” and a consensus target price of $11.00.

Centerra Gold Stock Up 0.2 %

CGAU stock opened at $6.11 on Monday. Centerra Gold has a 52-week low of $5.46 and a 52-week high of $7.82. The firm has a market cap of $1.28 billion, a P/E ratio of 16.96 and a beta of 0.92. The company’s 50-day simple moving average is $6.13 and its 200-day simple moving average is $6.34.

Centerra Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Thursday, March 13th. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s dividend payout ratio is 52.78%.

Institutional Investors Weigh In On Centerra Gold

Several institutional investors have recently bought and sold shares of CGAU. Jane Street Group LLC raised its holdings in shares of Centerra Gold by 145.6% during the third quarter. Jane Street Group LLC now owns 419,992 shares of the company’s stock valued at $3,015,000 after acquiring an additional 249,004 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Centerra Gold by 378.7% during the third quarter. Geode Capital Management LLC now owns 454,939 shares of the company’s stock worth $4,152,000 after purchasing an additional 359,905 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Centerra Gold in the 3rd quarter valued at $4,454,000. HighTower Advisors LLC purchased a new position in Centerra Gold in the 3rd quarter valued at $127,000. Finally, Barclays PLC boosted its stake in Centerra Gold by 284.5% during the 3rd quarter. Barclays PLC now owns 74,930 shares of the company’s stock worth $537,000 after purchasing an additional 55,444 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

About Centerra Gold

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.