Centerra Gold Inc. (NYSE:CGAU) Expected to Earn Q4 2022 Earnings of $0.33 Per Share

Centerra Gold Inc. (NYSE:CGAUGet Rating) – Equities researchers at Raymond James cut their Q4 2022 earnings estimates for Centerra Gold in a report released on Tuesday, August 2nd. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.33 for the quarter, down from their previous forecast of $0.35. The consensus estimate for Centerra Gold’s current full-year earnings is $0.56 per share.

Several other research firms also recently commented on CGAU. TheStreet downgraded shares of Centerra Gold from a “b” rating to a “c+” rating in a research note on Wednesday, May 25th. National Bank Financial decreased their target price on shares of Centerra Gold from C$15.00 to C$14.00 in a research report on Thursday, July 21st. Finally, TD Securities decreased their target price on shares of Centerra Gold from C$14.50 to C$14.00 in a research report on Friday, May 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.14.

Centerra Gold Trading Down 1.1 %

NYSE:CGAU opened at $6.19 on Thursday. Centerra Gold has a 12 month low of $5.59 and a 12 month high of $10.57. The firm has a fifty day simple moving average of $6.83 and a 200-day simple moving average of $8.31. The company has a market capitalization of $1.84 billion, a P/E ratio of -4.04 and a beta of 0.29.

Centerra Gold (NYSE:CGAUGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.08 by $0.11. Centerra Gold had a negative net margin of 47.44% and a positive return on equity of 9.21%. The business had revenue of $295.22 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CGAU. National Bank of Canada FI purchased a new position in Centerra Gold in the fourth quarter valued at $122,000. Prudential PLC increased its holdings in Centerra Gold by 15.8% in the fourth quarter. Prudential PLC now owns 23,849 shares of the company’s stock valued at $184,000 after buying an additional 3,256 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Centerra Gold by 13.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,748 shares of the company’s stock valued at $196,000 after buying an additional 3,036 shares in the last quarter. Shell Asset Management Co. increased its holdings in Centerra Gold by 22.5% in the fourth quarter. Shell Asset Management Co. now owns 26,177 shares of the company’s stock valued at $202,000 after buying an additional 4,800 shares in the last quarter. Finally, UBS Group AG purchased a new stake in shares of Centerra Gold during the first quarter worth about $204,000. Hedge funds and other institutional investors own 37.38% of the company’s stock.

About Centerra Gold

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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 include the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt Gold Mine located in Turkey.

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Earnings History and Estimates for Centerra Gold (NYSE:CGAU)

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