FY2024 EPS Estimates for Centerra Gold Cut by Analyst

Centerra Gold Inc. (NYSE:CGAU) – Equities research analysts at National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for Centerra Gold in a note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings of $0.67 per share for the year, down from their previous forecast of $0.79. The consensus estimate for Centerra Gold’s current full-year earnings is $0.77 per share. National Bank Financial also issued estimates for Centerra Gold’s Q4 2024 earnings at $0.13 EPS and FY2025 earnings at $0.53 EPS.

CGAU has been the topic of several other research reports. Scotiabank lowered their price objective on shares of Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, January 15th. Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Centerra Gold Stock Performance

CGAU stock opened at $6.65 on Wednesday. The business’s 50-day moving average is $5.99 and its two-hundred day moving average is $6.51. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 13.84 and a beta of 0.91. Centerra Gold has a fifty-two week low of $4.47 and a fifty-two week high of $7.82.

Hedge Funds Weigh In On Centerra Gold

A number of hedge funds have recently modified their holdings of the company. CWM LLC purchased a new stake in shares of Centerra Gold during the third quarter worth about $57,000. SG Americas Securities LLC bought a new position in Centerra Gold in the 4th quarter worth approximately $59,000. Wilmington Savings Fund Society FSB purchased a new stake in Centerra Gold during the 4th quarter valued at approximately $80,000. Capstone Investment Advisors LLC bought a new stake in shares of Centerra Gold during the third quarter valued at approximately $89,000. Finally, HighTower Advisors LLC purchased a new position in shares of Centerra Gold in the third quarter worth $127,000. 55.40% of the stock is currently 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.