Centerra Gold Inc. (NYSE:CGAU - Free Report) - Research analysts at Raymond James boosted their Q2 2024 earnings per share estimates for shares of Centerra Gold in a research note issued to investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.21 per share for the quarter, up from their previous estimate of $0.09. Raymond James has a "Outperform" rating and a $11.00 price target on the stock. The consensus estimate for Centerra Gold's current full-year earnings is $0.49 per share. Raymond James also issued estimates for Centerra Gold's Q3 2024 earnings at $0.13 EPS, Q4 2024 earnings at $0.13 EPS and FY2024 earnings at $0.57 EPS.
Centerra Gold (NYSE:CGAU - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). The company had revenue of $340.00 million for the quarter. Centerra Gold had a negative net margin of 7.43% and a positive return on equity of 0.62%.
Other research analysts have also issued research reports about the company. CIBC increased their price objective on Centerra Gold from $9.50 to $11.00 and gave the company an "outperformer" rating in a report on Monday, April 15th. BMO Capital Markets started coverage on Centerra Gold in a report on Wednesday, February 21st. They issued an "outperform" rating on the stock. Finally, National Bank Financial reaffirmed an "outperform overweight" rating on shares of Centerra Gold in a report on Monday, April 8th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $9.78.
Read Our Latest Stock Report on CGAU
Centerra Gold Stock Performance
Shares of NYSE CGAU traded up $0.07 during mid-day trading on Friday, reaching $6.36. 396,675 shares of the company traded hands, compared to its average volume of 412,801. The stock has a market cap of $1.37 billion, a PE ratio of -16.99 and a beta of 0.98. The company's fifty day moving average is $5.71 and its two-hundred day moving average is $5.57. Centerra Gold has a fifty-two week low of $4.47 and a fifty-two week high of $7.08.
Hedge Funds Weigh In On Centerra Gold
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp raised its position in Centerra Gold by 1.2% in the 4th quarter. Van ECK Associates Corp now owns 20,482,153 shares of the company's stock valued at $122,339,000 after purchasing an additional 244,155 shares during the last quarter. Donald Smith & CO. Inc. raised its position in Centerra Gold by 27.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 9,879,956 shares of the company's stock valued at $58,885,000 after purchasing an additional 2,156,920 shares during the last quarter. Ruffer LLP raised its position in Centerra Gold by 18.5% in the 3rd quarter. Ruffer LLP now owns 8,547,150 shares of the company's stock valued at $42,371,000 after purchasing an additional 1,331,400 shares during the last quarter. Vanguard Group Inc. raised its position in Centerra Gold by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 8,031,893 shares of the company's stock valued at $39,356,000 after purchasing an additional 220,263 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Centerra Gold by 91.9% in the 3rd quarter. Mackenzie Financial Corp now owns 3,384,834 shares of the company's stock valued at $15,775,000 after purchasing an additional 1,621,158 shares during the last quarter. Institutional investors own 55.40% of the company's stock.
Centerra Gold Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were given a dividend of $0.0518 per share. This represents a $0.21 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Tuesday, March 12th. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's dividend payout ratio (DPR) is -43.24%.
About Centerra Gold
(
Get Free Report)
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.
Featured Stories
Before you consider Centerra Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Centerra Gold wasn't on the list.
While Centerra Gold currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
