FY2027 EPS Estimates for Centerra Gold Lowered by Scotiabank

Centerra Gold Inc. (NYSE:CGAU) – Research analysts at Scotiabank decreased their FY2027 EPS estimates for shares of Centerra Gold in a research report issued on Tuesday, July 7th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $1.14 for the year, down from their previous estimate of $1.46. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Centerra Gold’s current full-year earnings is $1.75 per share.

Several other equities analysts have also recently commented on the stock. Wall Street Zen raised shares of Centerra Gold from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Zacks Research downgraded Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a report on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Centerra Gold has a consensus rating of “Moderate Buy” and an average price target of $16.67.

Centerra Gold Trading Down 3.2%

Shares of Centerra Gold stock opened at $15.66 on Thursday. The company has a market capitalization of $3.10 billion, a P/E ratio of 5.05, a price-to-earnings-growth ratio of 0.79 and a beta of 0.81. The stock has a fifty day simple moving average of $16.79 and a 200 day simple moving average of $17.37. Centerra Gold has a 12-month low of $6.71 and a 12-month 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.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Centerra Gold had a return on equity of 14.90% and a net margin of 40.32%.The firm had revenue of $484.70 million during the quarter, compared to the consensus estimate of $373.47 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CGAU. Polar Asset Management Partners Inc. bought a new stake in shares of Centerra Gold in the 3rd quarter worth approximately $2,036,000. JPMorgan Chase & Co. grew its holdings in Centerra Gold by 146.2% during the third quarter. JPMorgan Chase & Co. now owns 1,367,172 shares of the company’s stock valued at $14,670,000 after purchasing an additional 811,803 shares during the period. Intact Investment Management Inc. increased its position in Centerra Gold by 166.7% in the fourth quarter. Intact Investment Management Inc. now owns 1,514,820 shares of the company’s stock worth $21,807,000 after buying an additional 946,920 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. increased its position in Centerra Gold by 99.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 94,100 shares of the company’s stock worth $1,366,000 after buying an additional 47,000 shares during the last quarter. Finally, U S Global Investors Inc. bought a new stake in shares of Centerra Gold in the fourth quarter valued at $10,381,000. 55.40% of the stock is owned by institutional investors.

Centerra Gold Dividend Announcement

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

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.