FY2027 EPS Estimates for Centerra Gold Boosted by Analyst

Centerra Gold Inc. (NYSE:CGAU) – Research analysts at Scotiabank boosted their FY2027 earnings estimates for Centerra Gold in a research report issued to clients and investors on Wednesday, July 15th. Scotiabank analyst O. Habib now anticipates that the company will earn $1.27 per share for the year, up from their previous 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 issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm 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%.

CGAU has been the topic of a number of other research reports. Zacks Research cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Wall Street Zen upgraded Centerra Gold from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research note on Friday, March 27th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

Centerra Gold Price Performance

NYSE CGAU opened at $15.21 on Monday. Centerra Gold has a 52 week low of $6.71 and a 52 week high of $21.17. The company has a current ratio of 2.41, a quick ratio of 1.60 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 4.91, a price-to-earnings-growth ratio of 0.57 and a beta of 0.81. The company has a 50-day moving average price of $16.45 and a two-hundred day moving average price of $17.42.

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Thursday, May 21st. Centerra Gold’s dividend payout ratio (DPR) is currently 6.77%.

Institutional Investors Weigh In On Centerra Gold

Institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in Centerra Gold by 2.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 24,860 shares of the company’s stock worth $357,000 after acquiring an additional 575 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Centerra Gold by 2.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 36,939 shares of the company’s stock valued at $531,000 after acquiring an additional 747 shares in the last quarter. CWM LLC grew its stake in Centerra Gold by 5.3% during the 4th quarter. CWM LLC now owns 16,300 shares of the company’s stock valued at $234,000 after acquiring an additional 820 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Centerra Gold by 3.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 39,102 shares of the company’s stock valued at $693,000 after purchasing an additional 1,340 shares during the period. Finally, Baron Wealth Management LLC increased its holdings in shares of Centerra Gold by 6.2% in the 1st quarter. Baron Wealth Management LLC now owns 27,602 shares of the company’s stock valued at $491,000 after purchasing an additional 1,621 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

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.