FY2025 EPS Estimates for Centerra Gold Raised by Desjardins

Key Points

• Desjardins has raised its FY2025 EPS estimate for Centerra Gold to $0.86 from a previous forecast of $0.76, while the consensus estimate is $0.59 per share.
• Centerra Gold's stock has been rated by various analysts, with two giving a Strong Buy rating, while the average target price stands at $12.83.
• The company recently announced a quarterly dividend of $0.07 per share, resulting in an annualized yield of 2.5% and a payout ratio of 60.61%.

Centerra Gold Inc. (NYSE:CGAU - Free Report) - Analysts at Desjardins lifted their FY2025 EPS estimates for Centerra Gold in a research note issued to investors on Wednesday, October 1st. Desjardins analyst A. Carson now anticipates that the company will post earnings per share of $0.86 for the year, up from their previous forecast of $0.76. The consensus estimate for Centerra Gold's current full-year earnings is $0.59 per share. Desjardins also issued estimates for Centerra Gold's FY2026 earnings at $1.12 EPS.

A number of other analysts also recently issued reports on the stock. National Bankshares reaffirmed an "outperform" rating on shares of Centerra Gold in a report on Tuesday, June 24th. Weiss Ratings restated a "hold (c)" rating on shares of Centerra Gold in a report on Saturday, September 27th. Royal Bank Of Canada lowered shares of Centerra Gold from an "outperform" rating to a "sector perform" rating and boosted their target price for the company from $13.00 to $14.00 in a research note on Wednesday, September 10th. BMO Capital Markets restated a "market perform" rating on shares of Centerra Gold in a research note on Monday, September 15th. Finally, Scotiabank cut their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.83.

Centerra Gold Stock Performance

NYSE CGAU opened at $11.38 on Monday. Centerra Gold has a one year low of $5.41 and a one year high of $11.58. The stock has a 50-day moving average of $8.42 and a 200 day moving average of $7.41. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 1.55 and a beta of 0.88.

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

Hedge Funds Weigh In On Centerra Gold

Hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. increased its stake in shares of Centerra Gold by 63.0% in the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company's stock worth $34,000 after purchasing an additional 1,839 shares in the last quarter. CWM LLC boosted its holdings in Centerra Gold by 15.6% in the 2nd quarter. CWM LLC now owns 14,480 shares of the company's stock worth $104,000 after buying an additional 1,955 shares during the period. Russell Investments Group Ltd. increased its stake in Centerra Gold by 0.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 702,035 shares of the company's stock worth $5,045,000 after buying an additional 2,047 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Centerra Gold by 4.7% during the first quarter. Hsbc Holdings PLC now owns 55,268 shares of the company's stock valued at $351,000 after acquiring an additional 2,499 shares during the period. Finally, Northwest & Ethical Investments L.P. lifted its position in shares of Centerra Gold by 16.2% in the second quarter. Northwest & Ethical Investments L.P. now owns 22,648 shares of the company's stock valued at $163,000 after acquiring an additional 3,160 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, August 21st. This represents a $0.28 dividend on an annualized basis and a yield of 2.5%. Centerra Gold's dividend payout ratio (DPR) is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.