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

Shares of Centerra Gold Inc. (NYSE:CGAU) have been given an average recommendation of “Moderate Buy” by the twelve brokerages that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $16.00.

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a research report on Monday, December 29th. Zacks Research downgraded Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Raymond James Financial reissued a “market perform” rating on shares of Centerra Gold in a research note on Thursday, October 30th. Wall Street Zen raised shares of Centerra Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Finally, Cormark raised shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th.

Centerra Gold Price Performance

Centerra Gold stock opened at $16.72 on Monday. The business’s fifty day moving average is $15.10 and its two-hundred day moving average is $11.46. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.89. The firm has a market cap of $3.34 billion, a P/E ratio of 10.20, a P/E/G ratio of 0.50 and a beta of 0.87. Centerra Gold has a 52 week low of $5.41 and a 52 week high of $20.40.

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

Institutional Investors Weigh In On Centerra Gold

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its stake in Centerra Gold by 57.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock worth $84,739,000 after purchasing an additional 4,853,494 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Centerra Gold by 26.2% in the second quarter. Acadian Asset Management LLC now owns 8,494,055 shares of the company’s stock valued at $61,027,000 after buying an additional 1,761,904 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Centerra Gold by 18.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 7,725,444 shares of the company’s stock worth $82,796,000 after acquiring an additional 1,195,277 shares in the last quarter. Waratah Capital Advisors Ltd. raised its holdings in shares of Centerra Gold by 4.1% during the third quarter. Waratah Capital Advisors Ltd. now owns 6,954,407 shares of the company’s stock worth $74,621,000 after acquiring an additional 275,510 shares during the period. Finally, American Century Companies Inc. lifted its position in Centerra Gold by 32.7% in the 3rd quarter. American Century Companies Inc. now owns 5,379,277 shares of the company’s stock valued at $57,631,000 after acquiring an additional 1,324,448 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors.

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.