FY2025 EPS Estimates for Centerra Gold Reduced by Scotiabank

Centerra Gold Inc. (NYSE:CGAU) – Investment analysts at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for Centerra Gold in a report released on Wednesday, March 19th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $0.37 for the year, down from their prior forecast of $0.45. Scotiabank currently has a “Sector Outperform” rating and a $9.00 target price on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.59 per share. Scotiabank also issued estimates for Centerra Gold’s FY2026 earnings at $0.35 EPS.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $302.40 million for the quarter, compared to the consensus estimate of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%.

Several other research firms have also issued reports on CGAU. Cormark lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Desjardins lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.00.

Centerra Gold Stock Performance

NYSE:CGAU opened at $6.09 on Monday. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 16.90 and a beta of 0.92. Centerra Gold has a 52-week low of $5.46 and a 52-week high of $7.82. The stock has a fifty day moving average of $6.13 and a 200 day moving average of $6.35.

Institutional Investors Weigh In On Centerra Gold

Several hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its stake in Centerra Gold by 0.3% during the fourth quarter. Millennium Management LLC now owns 585,238 shares of the company’s stock worth $3,330,000 after purchasing an additional 1,663 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Centerra Gold by 8.8% in the fourth quarter. Toronto Dominion Bank now owns 36,901 shares of the company’s stock worth $210,000 after buying an additional 2,980 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Centerra Gold by 6.5% in the fourth quarter. Hsbc Holdings PLC now owns 52,769 shares of the company’s stock worth $299,000 after buying an additional 3,201 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Centerra Gold by 2.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 181,755 shares of the company’s stock worth $1,036,000 after buying an additional 3,608 shares during the period. Finally, Capstone Investment Advisors LLC increased its holdings in shares of Centerra Gold by 34.2% in the fourth quarter. Capstone Investment Advisors LLC now owns 16,712 shares of the company’s stock worth $95,000 after buying an additional 4,263 shares during the period. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.28 annualized dividend and a yield of 4.60%. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s payout ratio is 52.78%.

Centerra Gold Company Profile

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.