FY2027 EPS Estimates for Centerra Gold Raised by Scotiabank

Key Points

• Scotiabank raised its FY2027 EPS estimate for Centerra Gold to $1.38 from $1.27 and maintained an “Outperform” rating. Analysts have a consensus “Moderate Buy” rating and a $17.50 price target.
• Centerra Gold’s latest quarterly results slightly exceeded expectations, with EPS of $0.39 versus the $0.38 consensus and revenue of $442.71 million compared with estimates of $394.27 million.
• Shares rose 7.6% to open at $19.53, while institutional investors own 55.4% of the stock. The company also declared a quarterly dividend of $0.07, equivalent to a 1.4% annualized yield.

Centerra Gold Inc. (NYSE:CGAU - Free Report) - Scotiabank lifted their FY2027 earnings per share estimates for Centerra Gold in a report released on Tuesday, August 4th. Scotiabank analyst O. Habib now expects that the company will post earnings of $1.38 per share for the year, up from their previous estimate of $1.27. Scotiabank currently has a "Outperform" rating on the stock. The consensus estimate for Centerra Gold's current full-year earnings is $1.63 per share.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The business had revenue of $442.71 million during the quarter, compared to analyst estimates of $394.27 million. Centerra Gold had a net margin of 36.92% and a return on equity of 15.35%.

CGAU has been the topic of several other research reports. Wall Street Zen lowered Centerra Gold from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Centerra Gold in a research report on Thursday, July 30th. Finally, Weiss Ratings cut Centerra Gold from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.50.

Centerra Gold Trading Up 7.6%

Shares of Centerra Gold stock opened at $19.53 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.42 and a quick ratio of 1.49. The stock's 50 day simple moving average is $16.43 and its 200-day simple moving average is $17.58. The stock has a market cap of $3.83 billion, a P/E ratio of 6.24, a P/E/G ratio of 0.68 and a beta of 0.80. Centerra Gold has a 1-year low of $6.71 and a 1-year high of $21.17.

Institutional Investors Weigh In On Centerra Gold

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new position in shares of Centerra Gold in the 1st quarter valued at $192,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Centerra Gold during the first quarter worth approximately $97,000. Goldman Sachs Group Inc. boosted its stake in Centerra Gold by 57.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company's stock worth $84,739,000 after purchasing an additional 4,853,494 shares during the period. Empowered Funds LLC acquired a new position in Centerra Gold in the first quarter valued at $218,000. Finally, Geode Capital Management LLC raised its holdings in shares of Centerra Gold by 20.3% in the second quarter. Geode Capital Management LLC now owns 767,536 shares of the company's stock valued at $5,534,000 after buying an additional 129,737 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. Centerra Gold's dividend payout ratio is currently 6.07%.

About Centerra Gold

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra's portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada's largest gold mines.

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