What is Desjardins' Forecast for Centerra Gold Q1 Earnings?

Centerra Gold Inc. (NYSE:CGAU - Free Report) - Equities researchers at Desjardins issued their Q1 2025 EPS estimates for Centerra Gold in a report issued on Tuesday, April 22nd. Desjardins analyst A. Carson forecasts that the company will earn $0.11 per share for the quarter. Desjardins has a "Hold" rating on the stock. The consensus estimate for Centerra Gold's current full-year earnings is $0.59 per share.

Several other brokerages have also recently commented on CGAU. CIBC reaffirmed a "neutral" rating on shares of Centerra Gold in a research report on Thursday, March 20th. Raymond James reaffirmed an "outperform" rating on shares of Centerra Gold in a research report on Friday, April 4th. Cormark cut Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Scotiabank reaffirmed an "outperform" rating on shares of Centerra Gold in a research report on Monday, April 14th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Centerra Gold in a research report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

Centerra Gold Stock Performance

Shares of CGAU traded down $0.09 during mid-day trading on Thursday, hitting $6.61. The company's stock had a trading volume of 341,216 shares, compared to its average volume of 850,377. Centerra Gold has a one year low of $5.41 and a one year high of $7.82. The firm has a market capitalization of $1.39 billion, a PE ratio of 18.35 and a beta of 0.81. The stock's 50-day moving average is $6.19 and its two-hundred day moving average is $6.23.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The company had revenue of $302.40 million for the quarter, compared to analyst estimates of $316.92 million.

Hedge Funds Weigh In On Centerra Gold

A number of large investors have recently modified their holdings of CGAU. Millennium Management LLC raised its holdings in Centerra Gold by 0.3% in the fourth quarter. Millennium Management LLC now owns 585,238 shares of the company's stock worth $3,330,000 after purchasing an additional 1,663 shares during the period. Toronto Dominion Bank raised its holdings in Centerra Gold by 8.8% in the fourth quarter. Toronto Dominion Bank now owns 36,901 shares of the company's stock worth $210,000 after purchasing an additional 2,980 shares during the period. Hsbc Holdings PLC raised its holdings in Centerra Gold by 6.5% in the fourth quarter. Hsbc Holdings PLC now owns 52,769 shares of the company's stock worth $299,000 after purchasing an additional 3,201 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Centerra Gold by 2.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 181,755 shares of the company's stock worth $1,036,000 after purchasing an additional 3,608 shares during the period. Finally, Capstone Investment Advisors LLC raised its holdings in Centerra Gold by 34.2% in the fourth quarter. Capstone Investment Advisors LLC now owns 16,712 shares of the company's stock worth $95,000 after purchasing an additional 4,263 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.24%. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date was Thursday, March 13th. Centerra Gold's dividend payout ratio is presently 52.78%.

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.