Centerra Gold (NYSE:CGAU) Cut to Hold at Cormark

Centerra Gold (NYSE:CGAU) was downgraded by investment analysts at Cormark from a “moderate buy” rating to a “hold” rating in a report released 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 equities analysts have also recently commented on CGAU. Scotiabank lowered their target price on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a report on Wednesday, January 15th. Desjardins cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.00.

Centerra Gold Stock Performance

Shares of CGAU stock opened at $5.69 on Wednesday. The firm has a market cap of $1.20 billion, a P/E ratio of 15.82 and a beta of 0.91. The firm’s 50 day moving average price is $6.08 and its 200-day moving average price is $6.49. Centerra Gold has a one year low of $4.90 and a one year high of $7.82.

Centerra Gold (NYSE:CGAU) last released 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). Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The firm had revenue of $302.40 million for the quarter, compared to analyst estimates of $316.92 million. As a group, research analysts predict that Centerra Gold will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CGAU. Vise Technologies Inc. acquired a new stake in Centerra Gold in the 4th quarter valued at about $58,000. SG Americas Securities LLC purchased a new stake in shares of Centerra Gold during the fourth quarter worth approximately $59,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Centerra Gold during the fourth quarter worth approximately $60,000. Susquehanna Advisors Group Inc. acquired a new stake in Centerra Gold in the fourth quarter valued at approximately $61,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Centerra Gold in the fourth quarter worth approximately $79,000. 55.40% of the stock is owned by institutional investors and hedge funds.

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.