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

Centerra Gold Inc. (NYSE:CGAU) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $21.00.

A number of brokerages recently issued reports on CGAU. Scotiabank reiterated an “outperform” rating on shares of Centerra Gold in a report on Tuesday, August 4th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Centerra Gold in a report on Thursday, July 30th. Weiss Ratings raised Centerra Gold from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Finally, Wall Street Zen cut Centerra Gold from a “buy” rating to a “hold” rating in a report on Saturday, July 25th.

Centerra Gold Trading Up 0.1%

Shares of CGAU opened at $22.61 on Tuesday. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 0.84 and a beta of 0.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.42 and a quick ratio of 1.49. Centerra Gold has a 1-year low of $8.95 and a 1-year high of $24.52. The company has a 50-day moving average of $19.76 and a 200 day moving average of $18.41.

Centerra Gold (NYSE:CGAU) last issued its earnings results on Tuesday, July 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $442.71 million for the quarter, compared to the consensus estimate of $394.27 million. Centerra Gold had a net margin of 36.92% and a return on equity of 15.35%. On average, research analysts expect that Centerra Gold will post 1.64 EPS for the current year.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, August 19th. Centerra Gold’s payout ratio is presently 6.39%.

Institutional Trading of Centerra Gold

Hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its holdings in Centerra Gold by 2.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 24,860 shares of the company’s stock worth $357,000 after buying an additional 575 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in Centerra Gold by 2.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 36,939 shares of the company’s stock valued at $531,000 after acquiring an additional 747 shares during the period. Pictet Asset Management Holding SA lifted its stake in Centerra Gold by 3.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 39,102 shares of the company’s stock valued at $693,000 after acquiring an additional 1,340 shares during the period. Baron Wealth Management LLC boosted its holdings in shares of Centerra Gold by 6.2% in the 1st quarter. Baron Wealth Management LLC now owns 27,602 shares of the company’s stock valued at $491,000 after acquiring an additional 1,621 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Centerra Gold in the 2nd quarter valued at $28,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based mining company focused on the exploration, development, operation and reclamation of gold and copper properties. The company produces gold doré and copper concentrate for sale to commercial customers and also maintains mineral exploration and development activities in its operating regions.

Centerra’s principal assets include the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in central Türkiye. Mount Milligan is an open-pit mine and mill that produces copper concentrate containing gold, while Öksüt is an open-pit, heap-leach operation that produces gold doré.