Centerra Gold Inc. (NYSE:CGAU) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Centerra Gold Inc. (NYSE:CGAU) have earned a consensus rating of “Moderate Buy” from the four brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $11.00.

A number of research firms have weighed in on CGAU. Scotiabank decreased their price objective on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 15th. Desjardins raised Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st.

Centerra Gold Stock Up 0.9 %

Shares of NYSE CGAU opened at $6.07 on Thursday. The stock has a market cap of $1.27 billion, a PE ratio of 12.64 and a beta of 0.90. Centerra Gold has a 52-week low of $4.47 and a 52-week high of $7.82. The business has a 50-day moving average price of $5.88 and a 200 day moving average price of $6.55.

Centerra Gold (NYSE:CGAU) last announced its earnings results on Thursday, October 31st. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The firm had revenue of $323.93 million during the quarter. Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. During the same period in the previous year, the business posted $0.20 earnings per share. Sell-side analysts anticipate that Centerra Gold will post 0.77 earnings per share for the current year.

Centerra Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $0.052 dividend. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is currently 43.75%.

Institutional Trading of Centerra Gold

Hedge funds have recently modified their holdings of the business. CWM LLC acquired a new stake in shares of Centerra Gold in the 3rd quarter valued at approximately $57,000. SG Americas Securities LLC acquired a new stake in shares of Centerra Gold in the 4th quarter valued at approximately $59,000. Capstone Investment Advisors LLC acquired a new stake in shares of Centerra Gold in the 3rd quarter valued at approximately $89,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Centerra Gold by 12.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock valued at $96,000 after buying an additional 1,573 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of Centerra Gold in the 3rd quarter valued at approximately $127,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Centerra Gold Company Profile

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.