Brokers Offer Predictions for Centerra Gold FY2024 Earnings

Centerra Gold Inc. (NYSE:CGAU) – Stock analysts at National Bank Financial reduced their FY2024 EPS estimates for shares of Centerra Gold in a research report issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $0.86 for the year, down from their previous estimate of $0.89. The consensus estimate for Centerra Gold’s current full-year earnings is $0.84 per share. National Bank Financial also issued estimates for Centerra Gold’s FY2025 earnings at $0.93 EPS.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The company had revenue of $282.31 million during the quarter. Centerra Gold had a return on equity of 10.72% and a net margin of 10.68%. During the same period in the previous year, the business posted ($0.20) earnings per share.

A number of other equities analysts also recently weighed in on the stock. CIBC reissued a “neutral” rating and issued a $13.00 price target (up from $11.00) on shares of Centerra Gold in a report on Wednesday, July 10th. Cibc World Mkts cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $11.00.

Centerra Gold Price Performance

Shares of NYSE:CGAU opened at $7.25 on Friday. Centerra Gold has a 1 year low of $4.47 and a 1 year high of $7.82. The company has a market capitalization of $1.55 billion, a PE ratio of 26.85 and a beta of 0.98. The business has a fifty day moving average price of $7.12 and a two-hundred day moving average price of $6.82.

Hedge Funds Weigh In On Centerra Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC purchased a new stake in shares of Centerra Gold during the third quarter worth $57,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Centerra Gold by 12.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock valued at $96,000 after purchasing an additional 1,573 shares during the period. Virtu Financial LLC purchased a new stake in Centerra Gold during the 1st quarter worth about $113,000. DekaBank Deutsche Girozentrale bought a new position in Centerra Gold in the 2nd quarter worth about $131,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Centerra Gold during the 2nd quarter valued at about $154,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.051 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Thursday, August 15th. Centerra Gold’s dividend payout ratio is currently 74.07%.

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.