Cormark Has Weak Forecast for Centerra Gold FY2025 Earnings

Key Points

• Cormark has reduced its FY2025 earnings per share (EPS) estimate for Centerra Gold to $0.52, down from a previous estimate of $0.71, while the consensus estimate is slightly higher at $0.59.
• Centerra Gold's stock currently has a market cap of $1.83 billion, with shares opening at $9.05 and a one-year price range of $5.41 to $9.43.
• The company recently paid a quarterly dividend of $0.07 per share, reflecting an annualized dividend yield of 3.1%.

Centerra Gold Inc. (NYSE:CGAU - Free Report) - Research analysts at Cormark reduced their FY2025 earnings per share estimates for shares of Centerra Gold in a report released on Monday, September 15th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.52 for the year, down from their prior forecast of $0.71. The consensus estimate for Centerra Gold's current full-year earnings is $0.59 per share. Cormark also issued estimates for Centerra Gold's Q4 2025 earnings at $0.09 EPS.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.08. Centerra Gold had a return on equity of 9.12% and a net margin of 6.21%.The firm had revenue of $288.30 million for the quarter, compared to analysts' expectations of $319.42 million.

A number of other analysts have also issued reports on the company. Scotiabank lowered their price target on Centerra Gold from $12.00 to $9.50 and set a "sector outperform" rating for the company in a report on Tuesday, September 16th. CIBC reissued an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, July 15th. Royal Bank Of Canada lowered shares of Centerra Gold from an "outperform" rating to a "sector perform" rating and raised their target price for the stock from $13.00 to $14.00 in a research note on Wednesday, September 10th. Wall Street Zen upgraded shares of Centerra Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, National Bankshares reissued an "outperform" rating on shares of Centerra Gold in a research report on Tuesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $12.83.

Centerra Gold Price Performance

Shares of CGAU traded up $0.30 during mid-day trading on Wednesday, reaching $9.53. 4,652,101 shares of the company's stock traded hands, compared to its average volume of 1,729,713. The stock has a market cap of $1.93 billion, a P/E ratio of 28.88, a P/E/G ratio of 2.61 and a beta of 0.82. The stock's 50-day moving average is $7.79 and its two-hundred day moving average is $7.09. Centerra Gold has a 12 month low of $5.41 and a 12 month high of $9.57.

Institutional Investors Weigh In On Centerra Gold

A number of hedge funds have recently added to or reduced their stakes in CGAU. Farther Finance Advisors LLC bought a new position in shares of Centerra Gold in the 2nd quarter valued at about $27,000. Osaic Holdings Inc. boosted its stake in shares of Centerra Gold by 63.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,758 shares of the company's stock valued at $34,000 after purchasing an additional 1,839 shares during the last quarter. Pinnacle Holdings LLC bought a new position in shares of Centerra Gold in the 1st quarter valued at about $39,000. Vise Technologies Inc. bought a new position in shares of Centerra Gold in the 4th quarter valued at about $58,000. Finally, Carrera Capital Advisors bought a new position in shares of Centerra Gold in the 2nd quarter valued at about $81,000. Institutional investors own 55.40% of the company's stock.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, August 21st. Centerra Gold's payout ratio is 60.61%.

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.