Centerra Gold Inc. (NYSE:CGAU) Given Average Recommendation of “Moderate Buy” by Brokerages

Centerra Gold Inc. (NYSE:CGAU) has earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $16.6667.

Several research analysts recently issued reports on CGAU shares. Scotiabank raised their target price on Centerra Gold from $19.00 to $21.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Zacks Research lowered Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research report on Friday, March 27th. Finally, Wall Street Zen raised Centerra Gold from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st.

Centerra Gold Trading Down 0.2%

Shares of CGAU opened at $16.16 on Thursday. Centerra Gold has a 52-week low of $6.71 and a 52-week high of $21.17. The business’s fifty day moving average is $17.21 and its 200-day moving average is $17.27. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.60 and a current ratio of 2.41. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 5.21, a PEG ratio of 0.77 and a beta of 0.79.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. Centerra Gold had a return on equity of 14.90% and a net margin of 40.32%.The company had revenue of $484.70 million for the quarter, compared to analyst estimates of $373.47 million. Equities analysts anticipate that Centerra Gold will post 1.79 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, May 21st. Centerra Gold’s dividend payout ratio (DPR) is currently 6.45%.

Institutional Trading of Centerra Gold

Large investors have recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new stake in Centerra Gold during the 4th quarter worth about $36,000. Burkett Financial Services LLC acquired a new stake in Centerra Gold during the 3rd quarter worth about $30,000. Osaic Holdings Inc. grew its holdings in Centerra Gold by 63.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock worth $34,000 after acquiring an additional 1,839 shares during the period. Leonteq Securities AG acquired a new stake in Centerra Gold during the 4th quarter worth about $72,000. Finally, C M Bidwell & Associates Ltd. bought a new position in Centerra Gold during the fourth quarter worth $100,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

About Centerra Gold

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.