Earnings Estimates Rising for Centerra Gold (CGAU): Will It Gain?

Core Viewpoint - Centerra Gold Inc. (CGAU) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimate Revisions - Analysts are optimistic about Centerra Gold's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [2]. - The earnings estimate for the current quarter is $0.26 per share, reflecting a 52.9% increase from the previous year [6]. - Over the past 30 days, the Zacks Consensus Estimate for Centerra Gold has risen by 59.38%, with no negative revisions [6]. - For the full year, the earnings estimate is $0.92 per share, indicating a 29.6% increase from the year-ago figure [7]. - The consensus estimate for the current year has increased by 17.95% due to four upward revisions and no negative changes [7][8]. Zacks Rank and Performance - Centerra Gold currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts regarding positive earnings revisions [9]. - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging a +25% annual return since 2008 [3]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have been shown to significantly outperform the S&P 500 [9]. Investment Outlook - The stock has appreciated by 13.2% over the past four weeks due to strong estimate revisions, suggesting potential for further upside [10]. - Investors may consider adding Centerra Gold to their portfolios based on its favorable earnings outlook and stock performance [10].