FY2027 EPS Estimates for Centerra Gold Increased by Analyst

Centerra Gold Inc. (NYSE:CGAU) – Investment analysts at Scotiabank raised their FY2027 EPS estimates for Centerra Gold in a report released on Wednesday, July 15th. Scotiabank analyst O. Habib now expects that the company will earn $1.27 per share for the year, up from their prior estimate of $1.14. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $1.61 per share.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $484.70 million for the quarter, compared to the consensus estimate of $373.47 million. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%.

Several other brokerages have also recently issued reports on CGAU. Wall Street Zen raised Centerra Gold from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Zacks Research lowered Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Centerra Gold in a report on Friday, March 27th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.50.

Centerra Gold Stock Up 5.6%

CGAU opened at $16.05 on Monday. The firm has a 50-day simple moving average of $16.40 and a two-hundred day simple moving average of $17.44. Centerra Gold has a 52 week low of $6.71 and a 52 week high of $21.17. The company has a market capitalization of $3.18 billion, a PE ratio of 5.18, a price-to-earnings-growth ratio of 0.58 and a beta of 0.81. The company has a quick ratio of 1.60, a current ratio of 2.41 and a debt-to-equity ratio of 0.06.

Hedge Funds Weigh In On Centerra Gold

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. increased its holdings in shares of Centerra Gold by 2.8% in the 2nd quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 81,100 shares of the company’s stock worth $1,281,000 after buying an additional 2,200 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Centerra Gold by 10.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 191,492 shares of the company’s stock valued at $3,036,000 after acquiring an additional 18,261 shares during the last quarter. Groupe la Francaise lifted its holdings in shares of Centerra Gold by 50.9% in the 1st quarter. Groupe la Francaise now owns 860,000 shares of the company’s stock valued at $15,244,000 after acquiring an additional 290,000 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Centerra Gold by 20.9% in the first quarter. The Manufacturers Life Insurance Company now owns 963,470 shares of the company’s stock worth $17,119,000 after acquiring an additional 166,736 shares in the last quarter. Finally, Entropy Technologies LP grew its position in Centerra Gold by 67.1% in the first quarter. Entropy Technologies LP now owns 28,058 shares of the company’s stock worth $499,000 after acquiring an additional 11,267 shares in the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a dividend of $0.07 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.28 annualized dividend and a yield of 1.7%. Centerra Gold’s dividend payout ratio (DPR) is 6.77%.

Centerra Gold Company Profile

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.