Centerra Gold Inc. (NYSE:CGAU) Receives $14.17 Average PT from Brokerages

Centerra Gold Inc. (NYSE:CGAU) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $14.1667.

Several analysts have recently commented on CGAU shares. Raymond James Financial reiterated a “market perform” rating on shares of Centerra Gold in a report on Thursday, October 30th. Royal Bank Of Canada lowered Centerra Gold from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $13.00 to $14.00 in a research report on Wednesday, September 10th. Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a report on Thursday, October 23rd. BMO Capital Markets restated a “market perform” rating on shares of Centerra Gold in a research note on Monday, September 15th. Finally, Zacks Research downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th.

Centerra Gold Stock Up 4.3%

NYSE:CGAU opened at $14.76 on Thursday. The company’s 50-day simple moving average is $13.05 and its 200-day simple moving average is $10.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.89. Centerra Gold has a fifty-two week low of $5.41 and a fifty-two week high of $15.47. The stock has a market capitalization of $2.98 billion, a P/E ratio of 9.00, a P/E/G ratio of 0.41 and a beta of 0.87.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Tuesday, October 28th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $395.20 million during the quarter, compared to analysts’ expectations of $314.74 million. Centerra Gold had a net margin of 26.35% and a return on equity of 10.47%. On average, equities analysts anticipate that Centerra Gold will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, November 13th. This represents a $0.28 dividend on an annualized basis and a yield of 1.9%. Centerra Gold’s dividend payout ratio is presently 12.20%.

Institutional Investors Weigh In On Centerra Gold

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new position in shares of Centerra Gold in the 2nd quarter valued at $27,000. Burkett Financial Services LLC purchased a new stake in Centerra Gold during the 3rd quarter valued at about $30,000. TD Waterhouse Canada Inc. increased its holdings in shares of Centerra Gold by 1,106.5% in the third quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company’s stock valued at $33,000 after purchasing an additional 2,733 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Centerra Gold by 63.0% in the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after purchasing an additional 1,839 shares during the period. Finally, Carrera Capital Advisors purchased a new position in shares of Centerra Gold in the second quarter worth about $81,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Company Profile

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.