FY2025 EPS Estimates for Centerra Gold Boosted by Desjardins

Centerra Gold Inc. (NYSE:CGAU) – Investment analysts at Desjardins lifted their FY2025 earnings estimates for Centerra Gold in a report released on Wednesday, October 1st. Desjardins analyst A. Carson now expects that the company will post earnings per share of $0.86 for the year, up from their previous forecast of $0.76. The consensus estimate for Centerra Gold’s current full-year earnings is $0.59 per share. Desjardins also issued estimates for Centerra Gold’s FY2026 earnings at $1.12 EPS.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.08. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. The firm had revenue of $288.30 million for the quarter, compared to analyst estimates of $319.42 million.

A number of other research firms also recently issued reports on CGAU. Wall Street Zen downgraded shares of Centerra Gold from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. National Bankshares reiterated an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, June 24th. CIBC reiterated an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, July 15th. Scotiabank cut their target price on shares of Centerra Gold from $12.00 to $9.50 and set a “sector outperform” rating for the company in a research report on Tuesday, September 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Centerra Gold in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Centerra Gold has a consensus rating of “Moderate Buy” and a consensus target price of $12.83.

Centerra Gold Stock Down 1.6%

CGAU stock opened at $11.43 on Monday. Centerra Gold has a 12-month low of $5.41 and a 12-month high of $11.83. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 1.58 and a beta of 0.88. The company has a 50 day moving average of $8.59 and a two-hundred day moving average of $7.48.

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, August 21st. Centerra Gold’s payout ratio is currently 60.61%.

Institutional Investors Weigh In On Centerra Gold

Several institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. boosted its stake in shares of Centerra Gold by 63.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after purchasing an additional 1,839 shares in the last quarter. Man Group plc boosted its stake in shares of Centerra Gold by 9.7% in the 2nd quarter. Man Group plc now owns 3,649,899 shares of the company’s stock valued at $26,241,000 after purchasing an additional 323,860 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Centerra Gold by 104.4% in the second quarter. BNP Paribas Financial Markets now owns 150,544 shares of the company’s stock valued at $1,085,000 after buying an additional 76,903 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Centerra Gold by 71.2% in the second quarter. Bank of America Corp DE now owns 2,521,903 shares of the company’s stock valued at $18,183,000 after buying an additional 1,049,152 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Centerra Gold by 12.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,823 shares of the company’s stock valued at $998,000 after buying an additional 14,985 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.