FY2025 EPS Estimates for Centerra Gold Lifted by Scotiabank

Centerra Gold Inc. (NYSE:CGAU) – Scotiabank increased their FY2025 earnings per share estimates for Centerra Gold in a report released on Thursday, February 19th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $1.04 per share for the year, up from their prior forecast of $1.01. Scotiabank currently has a “Outperform” rating and a $19.00 target price on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.59 per share.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $401.60 million for the quarter, compared to the consensus estimate of $355.39 million. Centerra Gold had a net margin of 42.18% and a return on equity of 12.42%.

Several other research firms have also recently weighed in on CGAU. BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, February 4th. Zacks Research upgraded Centerra Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Wall Street Zen raised Centerra Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Finally, Cormark raised shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Centerra Gold Stock Performance

NYSE CGAU opened at $18.76 on Monday. The company’s fifty day moving average is $16.70 and its two-hundred day moving average is $12.76. Centerra Gold has a 52-week low of $5.41 and a 52-week high of $20.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.39 and a quick ratio of 1.65. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 6.61, a P/E/G ratio of 0.44 and a beta of 0.88.

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. Centerra Gold’s dividend payout ratio (DPR) is presently 7.04%.

Institutional Investors Weigh In On Centerra Gold

Several large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in Centerra Gold by 2.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,860 shares of the company’s stock valued at $357,000 after purchasing an additional 575 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Centerra Gold by 2.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,939 shares of the company’s stock worth $531,000 after buying an additional 747 shares in the last quarter. Burkett Financial Services LLC increased its holdings in shares of Centerra Gold by 27.5% during the fourth quarter. Burkett Financial Services LLC now owns 3,569 shares of the company’s stock worth $51,000 after buying an additional 769 shares in the last quarter. CWM LLC raised its stake in shares of Centerra Gold by 5.3% in the fourth quarter. CWM LLC now owns 16,300 shares of the company’s stock valued at $234,000 after acquiring an additional 820 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of Centerra Gold by 63.0% in the second 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 last quarter. Institutional investors own 55.40% of the company’s stock.

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.