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

Centerra Gold Inc. (NYSE:CGAU) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $11.00.

A number of equities research analysts recently weighed in on the company. CIBC restated a “neutral” rating and issued a $13.00 price target (up previously from $11.00) on shares of Centerra Gold in a research note on Wednesday, July 10th. Cibc World Mkts downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th.

Centerra Gold Price Performance

CGAU stock opened at $7.11 on Monday. The stock has a market capitalization of $1.51 billion, a P/E ratio of 11.29 and a beta of 0.98. The business has a 50-day moving average of $6.98 and a 200-day moving average of $6.74. Centerra Gold has a fifty-two week low of $4.47 and a fifty-two week high of $7.82.

Centerra Gold (NYSE:CGAU) last issued its earnings results on Thursday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.07. The business had revenue of $282.31 million during the quarter. Centerra Gold had a net margin of 10.68% and a return on equity of 10.72%. During the same quarter last year, the business posted ($0.20) earnings per share. Equities analysts expect that Centerra Gold will post 0.84 EPS for the current year.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.051 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.20 annualized dividend and a dividend yield of 2.87%. Centerra Gold’s dividend payout ratio (DPR) is presently 31.75%.

Institutional Trading of Centerra Gold

Several hedge funds and other institutional investors have recently bought and sold shares of CGAU. CWM LLC bought a new position in shares of Centerra Gold during the third quarter worth approximately $57,000. Vanguard Personalized Indexing Management LLC increased its stake in Centerra Gold by 12.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock worth $96,000 after acquiring an additional 1,573 shares during the period. Virtu Financial LLC bought a new position in Centerra Gold during the 1st quarter worth $113,000. DekaBank Deutsche Girozentrale acquired a new position in Centerra Gold in the 2nd quarter valued at $131,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Centerra Gold during the 2nd quarter valued at $154,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.