Centerra Gold (NYSE:CGAU) Downgraded to Hold Rating by Cormark

Centerra Gold (NYSE:CGAU) was downgraded by research analysts at Cormark from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports. Cormark also issued estimates for Centerra Gold’s Q1 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.09 EPS and FY2026 earnings at $0.61 EPS.

A number of other brokerages also recently commented on CGAU. Scotiabank reduced their target price on shares of 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 downgraded 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.00.

Centerra Gold Stock Up 0.7 %

CGAU stock opened at $6.00 on Wednesday. Centerra Gold has a 52 week low of $4.90 and a 52 week high of $7.82. The firm has a market capitalization of $1.26 billion, a P/E ratio of 16.67 and a beta of 0.91. The company has a fifty day simple moving average of $6.08 and a two-hundred day simple moving average of $6.50.

Centerra Gold (NYSE:CGAU) last announced 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). The business had revenue of $302.40 million during the quarter, compared to the consensus estimate of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. As a group, analysts anticipate that Centerra Gold will post 0.59 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vise Technologies Inc. purchased a new stake in Centerra Gold in the fourth quarter valued at about $58,000. SG Americas Securities LLC acquired a new position in shares of Centerra Gold during the fourth quarter valued at about $59,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Centerra Gold in the 4th quarter valued at approximately $60,000. Susquehanna Advisors Group Inc. acquired a new stake in Centerra Gold in the 4th quarter worth approximately $61,000. Finally, Capstone Investment Advisors LLC purchased a new stake in Centerra Gold during the 3rd quarter worth approximately $89,000. 55.40% of the stock is currently owned by hedge funds and other 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.