Wall Street Zen Downgrades Centerra Gold (NYSE:CGAU) to Buy

Centerra Gold (NYSE:CGAU) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

CGAU has been the subject of several other reports. BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Zacks Research upgraded Centerra Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of Centerra Gold in a research report on Monday, December 29th. Scotiabank lifted their price target on Centerra Gold from $13.50 to $19.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Centerra Gold in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $16.00.

Centerra Gold Trading Up 5.0%

CGAU stock opened at $21.07 on Friday. The company has a market capitalization of $4.21 billion, a PE ratio of 7.42, a price-to-earnings-growth ratio of 1.04 and a beta of 0.83. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.65 and a current ratio of 2.39. Centerra Gold has a one year low of $5.41 and a one year high of $21.11. The company’s 50 day moving average price is $17.16 and its two-hundred day moving average price is $13.12.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Centerra Gold had a net margin of 42.18% and a return on equity of 12.42%. The company had revenue of $401.60 million during the quarter, compared to analysts’ expectations of $355.39 million. As a group, analysts predict that Centerra Gold will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in shares of Centerra Gold by 2.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,860 shares of the company’s stock valued at $357,000 after purchasing an additional 575 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Centerra Gold by 2.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,939 shares of the company’s stock worth $531,000 after buying an additional 747 shares during the period. Burkett Financial Services LLC boosted its position in Centerra Gold by 27.5% during the 4th quarter. Burkett Financial Services LLC now owns 3,569 shares of the company’s stock valued at $51,000 after acquiring an additional 769 shares in the last quarter. CWM LLC grew its holdings in shares of Centerra Gold by 5.3% during the 4th quarter. CWM LLC now owns 16,300 shares of the company’s stock worth $234,000 after acquiring an additional 820 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of Centerra Gold by 63.0% in 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 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.