Cormark Forecasts Centerra Gold's Q1 Earnings (NYSE:CGAU)

Centerra Gold Inc. (NYSE:CGAU - Free Report) - Equities researchers at Cormark boosted their Q1 2025 earnings per share (EPS) estimates for shares of Centerra Gold in a report released on Tuesday, April 22nd. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.11 per share for the quarter, up from their previous forecast of $0.09. Cormark currently has a "Hold" rating on the stock. The consensus estimate for Centerra Gold's current full-year earnings is $0.59 per share.

Several other equities analysts also recently issued reports on the stock. Desjardins downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 13th. National Bank Financial upgraded Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. CIBC reaffirmed a "neutral" rating on shares of Centerra Gold in a research report on Thursday, March 20th. Raymond James reiterated an "outperform" rating on shares of Centerra Gold in a research report on Friday, April 4th. Finally, Scotiabank restated an "outperform" rating on shares of Centerra Gold in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Centerra Gold has a consensus rating of "Moderate Buy" and an average target price of $12.00.

Centerra Gold Price Performance

NYSE:CGAU traded up $0.02 on Wednesday, reaching $6.65. The stock had a trading volume of 229,777 shares, compared to its average volume of 849,439. Centerra Gold has a 12-month low of $5.41 and a 12-month high of $7.82. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 18.43 and a beta of 0.81. The firm's fifty day moving average is $6.18 and its two-hundred day moving average is $6.23.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued 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 company had revenue of $302.40 million during the quarter, compared to analysts' expectations of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Donald Smith & CO. Inc. grew its stake in Centerra Gold by 30.1% during the fourth quarter. Donald Smith & CO. Inc. now owns 8,723,060 shares of the company's stock worth $49,634,000 after buying an additional 2,017,756 shares during the period. Vanguard Group Inc. boosted its position in Centerra Gold by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 8,254,618 shares of the company's stock worth $46,977,000 after purchasing an additional 76,544 shares during the period. Royal Bank of Canada increased its holdings in Centerra Gold by 7.2% in the 4th quarter. Royal Bank of Canada now owns 7,950,409 shares of the company's stock valued at $45,238,000 after purchasing an additional 530,601 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Centerra Gold by 24.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,808,773 shares of the company's stock valued at $33,028,000 after purchasing an additional 1,126,825 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Centerra Gold by 34.1% in the fourth quarter. American Century Companies Inc. now owns 3,291,860 shares of the company's stock valued at $18,733,000 after purchasing an additional 836,777 shares during the period. Hedge funds and other institutional investors own 55.40% of the company's stock.

Centerra Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.21%. This is a boost from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's payout ratio is presently 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.