Cormark Predicts Centerra Gold’s Q1 Earnings (NYSE:CGAU)

Centerra Gold Inc. (NYSE:CGAU) – Research analysts at Cormark issued their Q1 2025 earnings per share estimates for Centerra Gold in a report released on Wednesday, February 26th. Cormark analyst R. Gray anticipates that the company will earn $0.09 per share for the quarter. Cormark has a “Hold” rating on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $0.59 per share. Cormark also issued estimates for Centerra Gold’s Q3 2025 earnings at $0.09 EPS and FY2026 earnings at $0.61 EPS.

Other analysts have also recently issued reports about the company. Scotiabank dropped their price target on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, January 15th. Desjardins cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.00.

Centerra Gold Trading Up 0.7 %

Shares of Centerra Gold stock opened at $6.00 on Thursday. The business’s 50 day simple moving average is $6.08 and its 200-day simple moving average is $6.50. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 16.67 and a beta of 0.91. Centerra Gold has a twelve month low of $4.90 and a twelve month high of $7.82.

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

Centerra Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.07 per share. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date is Thursday, March 13th. Centerra Gold’s dividend payout ratio (DPR) is presently 52.78%.

Hedge Funds Weigh In On Centerra Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. boosted its stake in Centerra Gold by 30.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 8,723,060 shares of the company’s stock valued at $49,634,000 after purchasing an additional 2,017,756 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Centerra Gold by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 8,254,618 shares of the company’s stock worth $46,977,000 after acquiring an additional 76,544 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Centerra Gold by 7.2% during the 4th quarter. Royal Bank of Canada now owns 7,950,409 shares of the company’s stock worth $45,238,000 after acquiring an additional 530,601 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Centerra Gold by 24.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,808,773 shares of the company’s stock worth $33,028,000 after acquiring an additional 1,126,825 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Centerra Gold by 36.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,390,005 shares of the company’s stock worth $31,514,000 after acquiring an additional 1,175,000 shares in the last quarter. 55.40% of the stock is owned by institutional investors.

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.