Analysts Set Centerra Gold Inc. (NYSE:CGAU) PT at $12.00

Shares of Centerra Gold Inc. (NYSE:CGAU) have been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $12.00.

A number of research firms have recently issued reports on CGAU. National Bankshares reiterated an “outperform” rating on shares of Centerra Gold in a research note on Wednesday, April 23rd. Cormark cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. CIBC reiterated a “neutral” rating on shares of Centerra Gold in a research note on Thursday, March 20th. National Bank Financial upgraded Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st. Finally, Desjardins downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th.

Centerra Gold Stock Performance

Shares of CGAU stock opened at $6.96 on Wednesday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 19.32 and a beta of 0.80. Centerra Gold has a one year low of $5.41 and a one year high of $7.82. The company has a 50 day moving average price of $6.51 and a 200 day moving average price of $6.19.

Centerra Gold (NYSE:CGAU) last issued its earnings results on Tuesday, May 6th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The firm had revenue of $299.50 million for the quarter, compared to analysts’ expectations of $288.25 million. As a group, equities analysts forecast that Centerra Gold will post 0.59 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Thursday, May 22nd. Centerra Gold’s payout ratio is 100.00%.

Institutional Trading of Centerra Gold

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pinnacle Holdings LLC acquired a new position in shares of Centerra Gold in the 1st quarter valued at about $39,000. Vise Technologies Inc. purchased a new position in Centerra Gold during the fourth quarter valued at approximately $58,000. SG Americas Securities LLC purchased a new position in Centerra Gold during the fourth quarter valued at approximately $59,000. Massachusetts Financial Services Co. MA acquired a new position in Centerra Gold in the 4th quarter valued at approximately $60,000. Finally, Susquehanna Advisors Group Inc. purchased a new stake in Centerra Gold in the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.