Streetbeat News

CGAU

Centerra Gold Inc.

https://www.centerragold.com

Industry

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 include the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt Gold Mine located in Turkey. The company was incorporated in 2002 and is headquartered in Toronto, Canada.

Open

5.80

Mkt cap

1.2B

Volume

839K

High

5.91

P/E Ratio

12.04

52-wk high

7.82

Low

5.76

Div yield

0.04

52-wk low

4.47

Centerra Gold (NYSE:CGAU) reported Q1 2024 adjusted EPS of $0.14, surpassing the $0.10 estimate, with sales of $305.8M exceeding the $228M forecast. This represents a 34.99% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:28 am

Gold prices surged to over $2,200 per ounce, influenced by the Federal Reserve's indication of interest rate cuts, leading to a 30% rally in several gold mining stocks. Bank of America analysts favor gold as a trade for 2024, citing its hedge status, central bank accumulations, and potential ETF investor increases. Despite gold's rise, some mining stocks like the VanEck Gold Miners ETF (GDX) lag behind. Bank of America identifies undervalued stocks such as Centerra Gold Inc. (CGAU), B2Gold Corp. (BTG), Barrick Gold Corp. (GOLD), and Newmont Corp. (NEM), recommending stocks with high upside beta ratios.

Portfolio Pulse from Piero Cingari

March 22, 2024 | 3:56 pm

Gold has reached a record high, but gold mining stocks like those in the VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ) have not seen significant movement. Economist Peter Schiff predicts a catch-up rally for these stocks and suggests buying them before the market realizes their potential. Schiff also speculates that investors might be selling mining stocks for Bitcoin ETFs, and anticipates gold to open higher at $2,200 if Bitcoin crashes. Additionally, a list of gold stocks to watch is provided, considering the Federal Reserve's potential rate cuts and gold's role as an inflation hedge.

Portfolio Pulse from Shanthi Rexaline

March 10, 2024 | 5:49 pm

Centerra Gold (NYSE:CGAU) reported Q4 2023 adjusted EPS of $0.28, surpassing the $0.27 estimate, but its sales of $340.00M fell short of the $354.79M estimate. This represents a 63.22% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:20 pm

Royal Gold, Inc. (RGLD) has extended its agreement with Centerra Gold Inc. (CGAU) for the Mount Milligan Mine until 2035, involving $125 million in cash and gold. Reliance Steel & Aluminum Co. (RS) is set to acquire American Alloy Steel, Inc., enhancing its value-added processing capabilities. IperionX Limited (IPX) is advancing in its efforts to scale titanium production, with significant developments in its manufacturing capabilities.

Portfolio Pulse from Austin DeNoce

February 14, 2024 | 9:32 pm

Centerra Gold announced it met its 2023 production guidance, with Q4 gold production reaching 129,259 ounces. The company starts 2024 with over $600M in cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:14 am

Precious metals stocks are trading lower due to a rise in the US dollar, which was influenced by a higher-than-expected increase in January inflation.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 4:57 pm

Centerra Gold announced that Ryan Snyder will be promoted to Executive Vice President and CFO, effective April 8, 2024. The current CFO, Darren Millman, is leaving the company to pursue another opportunity.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 10:04 pm

Raymond James has maintained its Outperform rating for Centerra Gold (NYSE:CGAU) but reduced its price target from $12.00 to $11.00. Centerra Gold's shares are currently trading at $6.09, and the new price target suggests a potential upside of 80.62%. Centerra Gold is a gold mining company with operations in Asia, North America, and other regions.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 5:00 pm

Raymond James analyst Brian MacArthur has maintained an Outperform rating on Centerra Gold (NYSE:CGAU) but has reduced the price target from C$12 to C$11.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 1:37 pm

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