FY2024 EPS Estimates for Centerra Gold Lowered by Analyst

Centerra Gold Inc. (NYSE:CGAU) – Stock analysts at National Bank Financial dropped their FY2024 earnings per share estimates for shares of Centerra Gold in a research note issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $0.86 per share for the year, down from their previous estimate of $0.89. The consensus estimate for Centerra Gold’s current full-year earnings is $0.84 per share. National Bank Financial also issued estimates for Centerra Gold’s FY2025 earnings at $0.93 EPS.

CGAU has been the topic of several other research reports. Cibc World Mkts lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. CIBC restated a “neutral” rating and set a $13.00 target price (up previously from $11.00) on shares of Centerra Gold in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $11.00.

Centerra Gold Stock Performance

Shares of NYSE CGAU opened at $7.25 on Friday. Centerra Gold has a 52-week low of $4.47 and a 52-week high of $7.82. The company’s 50 day moving average price is $7.12 and its 200-day moving average price is $6.82. The company has a market capitalization of $1.55 billion, a P/E ratio of 26.85 and a beta of 0.98.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The company had revenue of $282.31 million for the quarter. Centerra Gold had a return on equity of 10.72% and a net margin of 10.68%. During the same period in the prior year, the firm earned ($0.20) earnings per share.

Hedge Funds Weigh In On Centerra Gold

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC bought a new position in shares of Centerra Gold in the 3rd quarter worth $57,000. Vanguard Personalized Indexing Management LLC raised its holdings in Centerra Gold by 12.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock worth $96,000 after buying an additional 1,573 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Centerra Gold in the first quarter valued at $113,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Centerra Gold during the second quarter valued at about $131,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Centerra Gold during the second quarter worth about $154,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.051 dividend. This represents a $0.20 annualized dividend and a yield of 2.81%. The ex-dividend date was Thursday, August 15th. Centerra Gold’s dividend payout ratio (DPR) is currently 74.07%.

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.