FY2025 Earnings Forecast for Centerra Gold Issued By Cormark

Centerra Gold Inc. (NYSE:CGAU) – Analysts at Cormark lifted their FY2025 EPS estimates for Centerra Gold in a research note issued to investors on Tuesday, November 5th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.72 for the year, up from their previous forecast of $0.64. The consensus estimate for Centerra Gold’s current full-year earnings is $0.84 per share.

Centerra Gold (NYSE:CGAU) last posted 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). The business had revenue of $323.93 million during the quarter. Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. During the same period last year, the firm posted $0.20 earnings per share.

Other equities research analysts have also recently issued research reports about the stock. CIBC restated a “neutral” rating and issued a $13.00 target price (up previously from $11.00) on shares of Centerra Gold in a report on Wednesday, July 10th. Cibc World Mkts cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, Desjardins raised Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

Centerra Gold Stock Performance

Shares of NYSE:CGAU opened at $6.36 on Wednesday. The business has a 50-day simple moving average of $7.07 and a two-hundred day simple moving average of $6.87. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 13.25 and a beta of 0.98. Centerra Gold has a fifty-two week low of $4.47 and a fifty-two week high of $7.82.

Centerra Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be 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 of this dividend is Wednesday, November 13th. This represents a $0.21 dividend on an annualized basis and a yield of 3.27%. Centerra Gold’s dividend payout ratio (DPR) is presently 41.67%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CGAU. CWM LLC purchased a new position in Centerra Gold in the 3rd quarter worth approximately $57,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of Centerra Gold by 12.3% during 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 last quarter. Virtu Financial LLC purchased a new position in Centerra Gold during the first quarter valued at $113,000. DekaBank Deutsche Girozentrale purchased a new position in Centerra Gold during the second quarter valued at $131,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Centerra Gold in the 2nd quarter worth $154,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

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.