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

Shares of Centerra Gold Inc. (NYSE:CGAU) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $14.1667.

A number of equities research analysts have issued reports on the company. Raymond James Financial lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Friday, October 10th. CIBC reiterated an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, July 15th. BMO Capital Markets reissued a “market perform” rating on shares of Centerra Gold in a report on Monday, September 15th. Wall Street Zen raised shares of Centerra Gold from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Centerra Gold in a report on Friday.

Centerra Gold Stock Performance

Shares of CGAU stock opened at $11.14 on Friday. Centerra Gold has a 52-week low of $5.41 and a 52-week high of $12.80. The firm has a market capitalization of $2.25 billion, a PE ratio of 33.74, a PEG ratio of 0.73 and a beta of 0.88. The stock has a fifty day simple moving average of $9.77 and a two-hundred day simple moving average of $7.97.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.08. Centerra Gold had a return on equity of 9.12% and a net margin of 6.21%.The business had revenue of $288.30 million during the quarter, compared to analyst estimates of $319.42 million. On average, sell-side analysts forecast that Centerra Gold will post 0.59 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, August 21st. Centerra Gold’s dividend payout ratio is 60.61%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. raised its position in shares of Centerra Gold by 37.5% during the 1st quarter. Invesco Ltd. now owns 2,180,721 shares of the company’s stock valued at $13,848,000 after buying an additional 594,674 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Centerra Gold by 1,792.9% during the first quarter. Deutsche Bank AG now owns 439,501 shares of the company’s stock valued at $2,791,000 after purchasing an additional 416,283 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Centerra Gold by 4.7% during the first quarter. Hsbc Holdings PLC now owns 55,268 shares of the company’s stock valued at $351,000 after purchasing an additional 2,499 shares in the last quarter. AMH Equity Ltd bought a new position in shares of Centerra Gold during the first quarter valued at approximately $902,000. Finally, American Century Companies Inc. boosted its stake in shares of Centerra Gold by 9.9% during the first quarter. American Century Companies Inc. now owns 3,618,654 shares of the company’s stock valued at $22,958,000 after purchasing an additional 326,794 shares in the last quarter. Institutional investors 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.