Centerra Gold FY2026 Earnings Forecast Reduced by Scotiabank

Centerra Gold Inc. (NYSE:CGAU) – Stock analysts at Scotiabank cut their FY2026 earnings per share estimates for Centerra Gold in a report released on Thursday, October 1st. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $1.52 per share for the year, down from their prior estimate of $1.55. 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. Scotiabank also issued estimates for Centerra Gold’s FY2027 earnings at $1.29 EPS.

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

Several other analysts have also recently issued reports on CGAU. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Centerra Gold in a research report on Thursday, July 30th. Wall Street Zen cut shares of Centerra Gold from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Weiss Ratings raised shares of Centerra Gold from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Centerra Gold Stock Performance

NYSE CGAU opened at $21.58 on Monday. The company has a market cap of $4.22 billion, a P/E ratio of 6.90, a P/E/G ratio of 0.80 and a beta of 0.84. 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 has a 50-day moving average of $21.76 and a two-hundred day moving average of $18.75. Centerra Gold has a 1-year low of $10.46 and a 1-year high of $24.52.

Institutional Investors Weigh In On Centerra Gold

Hedge funds have recently bought and sold shares of the stock. Donald Smith & CO. Inc. acquired a new position in shares of Centerra Gold during the second quarter worth about $245,004,000. Arrowstreet Capital Limited Partnership raised its holdings in Centerra Gold by 0.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 8,314,250 shares of the company’s stock valued at $147,899,000 after acquiring an additional 39,315 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Centerra Gold in the second quarter worth approximately $37,142,000. Heartland Advisors Inc. lifted its stake in Centerra Gold by 0.7% in the first quarter. Heartland Advisors Inc. now owns 2,216,216 shares of the company’s stock worth $39,426,000 after acquiring an additional 14,766 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC acquired a new position in Centerra Gold during the 2nd quarter worth approximately $32,524,070. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a dividend of C$0.07 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.28 annualized dividend and a yield of 1.3%. Centerra Gold’s dividend payout ratio is 6.39%.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based, intermediate gold and copper producer headquartered in Toronto, Ontario. The company explores, develops and operates precious- and base-metal properties, with a focus on responsible mining and the production of gold and copper concentrates and doré.

Centerra’s principal operating assets include the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in Türkiye. Mount Milligan produces copper and gold concentrate, while Öksüt is an open-pit, heap-leach operation that produces gold doré.