FY2027 EPS Estimates for Centerra Gold Boosted by Scotiabank

Centerra Gold Inc. (NYSE:CGAU) – Scotiabank boosted their FY2027 earnings per share (EPS) estimates for Centerra Gold in a report released on Tuesday, August 4th. Scotiabank analyst O. Habib now forecasts that the company will earn $1.38 per share for the year, up from their previous forecast of $1.27. 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.

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

CGAU has been the topic of several other research reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Thursday, July 30th. Weiss Ratings cut shares of Centerra Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen downgraded shares of Centerra Gold from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Centerra Gold presently has an average rating of “Moderate Buy” and a consensus target price of $17.50.

Centerra Gold Stock Up 7.6%

Shares of Centerra Gold stock opened at $19.53 on Thursday. The company has a market cap of $3.83 billion, a P/E ratio of 6.24, a PEG ratio of 0.68 and a beta of 0.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.49 and a current ratio of 2.42. Centerra Gold has a one year low of $6.71 and a one year high of $21.17. The firm has a fifty day moving average of $16.43 and a two-hundred day moving average of $17.58.

Hedge Funds Weigh In On Centerra Gold

Several hedge funds have recently bought and sold shares of CGAU. Donald Smith & CO. Inc. grew its holdings in Centerra Gold by 21.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 14,158,116 shares of the company’s stock valued at $203,452,000 after purchasing an additional 2,535,492 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Centerra Gold by 57.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock worth $84,739,000 after buying an additional 4,853,494 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Centerra Gold by 0.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,314,250 shares of the company’s stock worth $147,899,000 after buying an additional 39,315 shares in the last quarter. Van ECK Associates Corp grew its stake in Centerra Gold by 15.3% in the 4th quarter. Van ECK Associates Corp now owns 6,536,157 shares of the company’s stock valued at $93,929,000 after acquiring an additional 866,977 shares during the last quarter. Finally, Man Group plc increased its holdings in Centerra Gold by 9.7% during the 2nd quarter. Man Group plc now owns 3,649,899 shares of the company’s stock valued at $26,241,000 after acquiring an additional 323,860 shares in the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. Centerra Gold’s dividend payout ratio is currently 6.07%.

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.