FY2025 EPS Estimate for Centerra Gold Reduced by Analyst

Key Points

• National Bank Financial has reduced its FY2025 earnings estimate for Centerra Gold from $1.25 to $0.73 per share, while the consensus estimate is $0.59 per share.
• Centerra Gold recently announced a quarterly dividend of $0.07 per share, representing an annualized yield of 2.8%.
• Despite the downgrade in earnings outlook, Centerra Gold's stock saw a 1.3% increase recently, bringing its market capitalization to $2.00 billion.

Centerra Gold Inc. (NYSE:CGAU - Free Report) - Equities research analysts at National Bank Financial decreased their FY2025 earnings estimates for Centerra Gold in a research report issued on Tuesday, September 23rd. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $0.73 per share for the year, down from their prior forecast of $1.25. The consensus estimate for Centerra Gold's current full-year earnings is $0.59 per share. National Bank Financial also issued estimates for Centerra Gold's FY2026 earnings at $0.95 EPS.

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

Several other research analysts have also weighed in on CGAU. Royal Bank Of Canada lowered Centerra Gold from an "outperform" rating to a "sector perform" rating and upped their price target for the company from $13.00 to $14.00 in a research report on Wednesday, September 10th. National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a report on Tuesday, June 24th. BMO Capital Markets reissued a "market perform" rating on shares of Centerra Gold in a research report on Monday, September 15th. Wall Street Zen upgraded shares of Centerra Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, CIBC reiterated an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Centerra Gold currently has a consensus rating of "Moderate Buy" and an average target price of $12.83.

Centerra Gold Stock Up 1.3%

CGAU opened at $9.91 on Friday. The firm has a market capitalization of $2.00 billion, a P/E ratio of 30.02, a PEG ratio of 2.67 and a beta of 0.82. The stock has a fifty day moving average of $8.00 and a 200-day moving average of $7.19. Centerra Gold has a 12-month low of $5.41 and a 12-month high of $9.98.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a $0.07 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.28 dividend on an annualized basis and a yield of 2.8%. Centerra Gold's dividend payout ratio is currently 60.61%.

Institutional Trading of Centerra Gold

Several large investors have recently added to or reduced their stakes in CGAU. Millennium Management LLC increased its holdings in Centerra Gold by 0.3% in the 4th quarter. Millennium Management LLC now owns 585,238 shares of the company's stock valued at $3,330,000 after buying an additional 1,663 shares during the period. Osaic Holdings Inc. increased its stake in Centerra Gold by 63.0% in the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company's stock valued at $34,000 after acquiring an additional 1,839 shares during the period. CWM LLC increased its stake in Centerra Gold by 15.6% in the second quarter. CWM LLC now owns 14,480 shares of the company's stock valued at $104,000 after acquiring an additional 1,955 shares during the period. Russell Investments Group Ltd. raised its position in Centerra Gold by 0.3% in the second quarter. Russell Investments Group Ltd. now owns 702,035 shares of the company's stock worth $5,045,000 after purchasing an additional 2,047 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Centerra Gold by 4.7% during the first quarter. Hsbc Holdings PLC now owns 55,268 shares of the company's stock worth $351,000 after purchasing an additional 2,499 shares during the period. 55.40% of the stock is owned by institutional investors.

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.

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