National Bank Financial Estimates Centerra Gold Q3 Earnings

Centerra Gold Inc. (NYSE:CGAU) – National Bank Financial issued their Q3 2024 EPS estimates for Centerra Gold in a research report issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin anticipates that the company will post earnings of $0.20 per share for the quarter. The consensus estimate for Centerra Gold’s current full-year earnings is $0.84 per share.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The firm had revenue of $282.31 million during the quarter. Centerra Gold had a net margin of 10.68% and a return on equity of 10.72%. During the same quarter in the prior year, the firm posted ($0.20) EPS.

CGAU has been the subject of several other research reports. CIBC reiterated a “neutral” rating and issued a $13.00 price target (up previously from $11.00) on shares of Centerra Gold in a report on Wednesday, July 10th. Cibc World Mkts cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $11.00.

Centerra Gold Stock Performance

Shares of NYSE CGAU opened at $7.50 on Thursday. The stock has a market cap of $1.61 billion, a P/E ratio of 27.78 and a beta of 0.98. The firm has a 50 day moving average price of $7.10 and a 200 day moving average price of $6.80. Centerra Gold has a 52-week low of $4.47 and a 52-week high of $7.82.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $0.051 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Thursday, August 15th. Centerra Gold’s dividend payout ratio is presently 74.07%.

Institutional Trading of Centerra Gold

Institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd lifted its position in shares of Centerra Gold by 118.5% in the first quarter. Quadrature Capital Ltd now owns 295,800 shares of the company’s stock worth $1,742,000 after purchasing an additional 160,400 shares in the last quarter. Acadian Asset Management LLC raised its position in Centerra Gold by 309.6% during the first quarter. Acadian Asset Management LLC now owns 1,275,800 shares of the company’s stock worth $7,527,000 after acquiring an additional 964,294 shares in the last quarter. Russell Investments Group Ltd. raised its position in Centerra Gold by 80.0% during the first quarter. Russell Investments Group Ltd. now owns 117,034 shares of the company’s stock worth $692,000 after acquiring an additional 52,014 shares in the last quarter. Old West Investment Management LLC bought a new stake in Centerra Gold during the second quarter worth $1,344,000. Finally, Renaissance Technologies LLC raised its position in Centerra Gold by 29.0% during the second quarter. Renaissance Technologies LLC now owns 327,800 shares of the company’s stock worth $2,203,000 after acquiring an additional 73,600 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

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.