Centerra Gold Inc. (NYSE:CGAU – Free Report) – Investment analysts at Scotiabank increased their FY2025 earnings estimates for shares of Centerra Gold in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $0.45 for the year, up from their previous forecast of $0.19. The consensus estimate for Centerra Gold’s current full-year earnings is $0.79 per share.
Separately, Desjardins upgraded Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Centerra Gold currently has a consensus rating of “Moderate Buy” and an average price target of $11.00.
Centerra Gold Stock Performance
NYSE CGAU opened at $5.76 on Monday. Centerra Gold has a one year low of $4.47 and a one year high of $7.82. The company has a market capitalization of $1.21 billion, a P/E ratio of 12.00 and a beta of 0.90. The stock has a 50 day moving average price of $5.92 and a 200-day moving average price of $6.59.
Centerra Gold (NYSE:CGAU – Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $323.93 million for the quarter. Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. During the same period last year, the firm earned $0.20 earnings per share.
Hedge Funds Weigh In On Centerra Gold
A number of hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC acquired a new stake in Centerra Gold in the third quarter worth about $57,000. Capstone Investment Advisors LLC purchased a new position in shares of Centerra Gold during the 3rd quarter valued at approximately $89,000. Vanguard Personalized Indexing Management LLC raised its position 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 worth $96,000 after acquiring an additional 1,573 shares during the period. HighTower Advisors LLC purchased a new position in shares of Centerra Gold during the 3rd quarter valued at approximately $127,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Centerra Gold during the 2nd quarter worth about $131,000. 55.40% of the stock is currently owned by institutional investors.
Centerra Gold Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $0.052 dividend. The ex-dividend date was Wednesday, November 13th. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 dividend on an annualized basis and a yield of 3.61%. Centerra Gold’s dividend payout ratio is 43.75%.
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.
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