Centerra Gold Inc. (NYSE:CGAU - Free Report) - Equities research analysts at Desjardins upped their FY2024 earnings per share (EPS) estimates for Centerra Gold in a note issued to investors on Tuesday, May 14th. Desjardins analyst J. Sclodnick now anticipates that the company will earn $0.70 per share for the year, up from their previous estimate of $0.23. The consensus estimate for Centerra Gold's current full-year earnings is $0.55 per share. Desjardins also issued estimates for Centerra Gold's FY2025 earnings at $0.55 EPS and FY2026 earnings at $0.50 EPS.
Other equities analysts have also recently issued reports about the stock. CIBC boosted their price target on shares of 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 began coverage on shares of Centerra Gold in a report on Wednesday, February 21st. They set an "outperform" rating on the stock. Finally, National Bank Financial reiterated an "outperform overweight" rating on shares of Centerra Gold in a report on Monday, April 8th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $9.78.
Read Our Latest Analysis on Centerra Gold
Centerra Gold Price Performance
NYSE CGAU traded up $0.26 on Thursday, hitting $6.98. 586,070 shares of the stock were exchanged, compared to its average volume of 415,480. Centerra Gold has a 52-week low of $4.47 and a 52-week high of $7.00. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 25.85 and a beta of 0.94. The company's 50-day moving average price is $6.05 and its two-hundred day moving average price is $5.71.
Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Centerra Gold had a positive return on equity of 0.62% and a negative net margin of 7.43%. The firm had revenue of $305.88 million for the quarter. During the same quarter last year, the firm posted ($0.24) EPS.
Centerra Gold Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be given a dividend of $0.051 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Wednesday, May 29th. Centerra Gold's dividend payout ratio (DPR) is currently 74.07%.
Institutional Trading of Centerra Gold
Several hedge funds have recently modified their holdings of the company. CIBC Asset Management Inc boosted its holdings in Centerra Gold by 1.8% in the third quarter. CIBC Asset Management Inc now owns 207,198 shares of the company's stock valued at $1,016,000 after acquiring an additional 3,640 shares during the last quarter. CoreCommodity Management LLC boosted its position in shares of Centerra Gold by 2.7% during the fourth quarter. CoreCommodity Management LLC now owns 348,100 shares of the company's stock worth $2,085,000 after purchasing an additional 9,000 shares in the last quarter. Versor Investments LP acquired a new position in shares of Centerra Gold in the 3rd quarter valued at $52,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Centerra Gold by 7.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,426 shares of the company's stock valued at $1,142,000 after buying an additional 12,257 shares in the last quarter. Finally, Heron Bay Capital Management bought a new stake in shares of Centerra Gold in the 4th quarter valued at $77,000. Institutional investors and hedge funds own 55.40% of the company's stock.
About Centerra Gold
(
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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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