Cormark Issues Positive Outlook for Centerra Gold Earnings

Centerra Gold Inc. (NYSE:CGAU) – Equities research analysts at Cormark increased their Q1 2025 earnings per share (EPS) estimates for Centerra Gold in a research note issued on Tuesday, April 22nd. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.11 per share for the quarter, up from their previous estimate of $0.09. Cormark has a “Hold” rating on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.59 per share.

A number of other brokerages have also commented on CGAU. National Bankshares restated an “outperform” rating on shares of Centerra Gold in a report on Wednesday, April 2nd. Raymond James reissued an “outperform” rating on shares of Centerra Gold in a research note on Friday, April 4th. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a report on Monday, April 14th. National Bank Financial upgraded Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st. Finally, Desjardins cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Centerra Gold Stock Performance

Shares of CGAU stock opened at $6.83 on Wednesday. The company has a market capitalization of $1.43 billion, a P/E ratio of 18.97 and a beta of 0.81. Centerra Gold has a 52 week low of $5.41 and a 52 week high of $7.82. The company’s 50 day moving average price is $6.16 and its two-hundred day moving average price is $6.24.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CGAU. HighTower Advisors LLC bought a new stake in shares of Centerra Gold during the 3rd quarter worth approximately $127,000. Barclays PLC increased its holdings in Centerra Gold by 284.5% during the third quarter. Barclays PLC now owns 74,930 shares of the company’s stock worth $537,000 after buying an additional 55,444 shares during the last quarter. Geode Capital Management LLC raised its position in Centerra Gold by 378.7% during the third quarter. Geode Capital Management LLC now owns 454,939 shares of the company’s stock worth $4,152,000 after acquiring an additional 359,905 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Centerra Gold by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 385,199 shares of the company’s stock valued at $2,758,000 after acquiring an additional 33,420 shares during the last quarter. Finally, Ritholtz Wealth Management grew its position in shares of Centerra Gold by 285.2% in the 4th quarter. Ritholtz Wealth Management now owns 97,025 shares of the company’s stock valued at $552,000 after acquiring an additional 71,835 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.

Centerra Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.07 dividend. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, March 13th. This represents a $0.28 annualized dividend and a dividend yield of 4.10%. Centerra Gold’s dividend payout ratio (DPR) 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.