Raymond James Has Positive View of Centerra Gold Q4 Earnings

Centerra Gold Inc. (NYSE:CGAU) – Equities researchers at Raymond James raised their Q4 2024 earnings per share estimates for Centerra Gold in a note issued to investors on Wednesday, December 18th. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.15 per share for the quarter, up from their previous forecast of $0.14. The consensus estimate for Centerra Gold’s current full-year earnings is $0.79 per share. Raymond James also issued estimates for Centerra Gold’s Q3 2025 earnings at $0.08 EPS.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $323.93 million for the quarter. Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. During the same quarter last year, the business earned $0.20 EPS.

Separately, Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.00.

Centerra Gold Trading Up 1.1 %

Shares of NYSE:CGAU opened at $5.68 on Friday. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 11.83 and a beta of 0.89. The stock’s 50-day moving average price is $6.42 and its two-hundred day moving average price is $6.73. Centerra Gold has a 12-month low of $4.47 and a 12-month high of $7.82.

Hedge Funds Weigh In On Centerra Gold

Several hedge funds and other institutional investors have recently made changes to their positions in CGAU. Barclays PLC increased its holdings in Centerra Gold by 284.5% in the 3rd quarter. Barclays PLC now owns 74,930 shares of the company’s stock valued at $537,000 after purchasing an additional 55,444 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Centerra Gold by 22.8% in the third quarter. Toronto Dominion Bank now owns 33,921 shares of the company’s stock valued at $243,000 after buying an additional 6,307 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Centerra Gold by 378.7% during the 3rd quarter. Geode Capital Management LLC now owns 454,939 shares of the company’s stock valued at $4,152,000 after buying an additional 359,905 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Centerra Gold during the 3rd quarter valued at about $4,454,000. Finally, Y Intercept Hong Kong Ltd lifted its position in Centerra Gold by 34.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 119,123 shares of the company’s stock worth $853,000 after acquiring an additional 30,264 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.052 dividend. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.21 annualized dividend and a yield of 3.66%. Centerra Gold’s dividend payout ratio (DPR) is presently 41.67%.

Centerra Gold Company Profile

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.