Centerra Gold Q4 EPS Estimate Increased by Raymond James

Centerra Gold Inc. (NYSE:CGAU) – Stock analysts at Raymond James boosted their Q4 2024 earnings per share estimates for shares of Centerra Gold in a research note issued to investors on Wednesday, December 18th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.15 for the quarter, up from their prior forecast of $0.14. The consensus estimate for Centerra Gold’s current full-year earnings is $0.79 per share. Raymond James also issued estimates for Centerra Gold’s Q3 2025 earnings at $0.08 EPS.

Separately, Desjardins raised Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.00.

Centerra Gold Price Performance

Shares of NYSE:CGAU opened at $5.69 on Friday. Centerra Gold has a 1 year low of $4.47 and a 1 year high of $7.82. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 11.85 and a beta of 0.89. The company’s 50 day simple moving average is $6.39 and its 200 day simple moving average is $6.72.

Centerra Gold (NYSE:CGAU) last released its earnings results on Thursday, October 31st. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. The firm had revenue of $323.93 million during the quarter. During the same quarter in the prior year, the company posted $0.20 earnings per share.

Centerra Gold Increases Dividend

The business 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. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.21 annualized dividend and a yield of 3.66%. Centerra Gold’s dividend payout ratio is presently 41.67%.

Institutional Trading of Centerra Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its holdings in shares of Centerra Gold by 284.5% during the 3rd quarter. Barclays PLC now owns 74,930 shares of the company’s stock valued at $537,000 after acquiring an additional 55,444 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Centerra Gold by 22.8% during the third quarter. Toronto Dominion Bank now owns 33,921 shares of the company’s stock valued at $243,000 after purchasing an additional 6,307 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Centerra Gold by 378.7% during the third quarter. Geode Capital Management LLC now owns 454,939 shares of the company’s stock valued at $4,152,000 after purchasing an additional 359,905 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Centerra Gold during the third quarter worth about $4,454,000. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of Centerra Gold by 34.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 119,123 shares of the company’s stock valued at $853,000 after buying an additional 30,264 shares during the period. 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.