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

Shares of Centerra Gold Inc. (NYSE:CGAU) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $16.6667.

CGAU has been the subject of a number of research reports. Zacks Research cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Wall Street Zen lowered Centerra Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. Scotiabank boosted their price target 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. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Centerra Gold in a research report on Friday, March 27th.

Hedge Funds Weigh In On Centerra Gold

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. lifted its position in Centerra Gold by 32.7% during the 3rd quarter. American Century Companies Inc. now owns 5,379,277 shares of the company’s stock worth $57,631,000 after acquiring an additional 1,324,448 shares in the last quarter. TD Asset Management Inc lifted its position in Centerra Gold by 12.2% during the 3rd quarter. TD Asset Management Inc now owns 1,489,163 shares of the company’s stock worth $15,958,000 after acquiring an additional 161,542 shares in the last quarter. Waratah Capital Advisors Ltd. lifted its position in Centerra Gold by 4.1% during the 3rd 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 in the last quarter. Quantbot Technologies LP lifted its position in Centerra Gold by 194.2% during the 3rd quarter. Quantbot Technologies LP now owns 345,831 shares of the company’s stock worth $3,711,000 after acquiring an additional 228,264 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of Centerra Gold in the 3rd quarter valued at approximately $2,036,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Centerra Gold Stock Up 3.5%

Shares of NYSE:CGAU opened at $17.64 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.60 and a current ratio of 2.41. Centerra Gold has a 1 year low of $6.71 and a 1 year high of $21.17. The stock has a market capitalization of $3.50 billion, a P/E ratio of 5.69, a PEG ratio of 0.84 and a beta of 0.80. The stock has a 50-day simple moving average of $17.89 and a 200-day simple moving average of $16.68.

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

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.28 annualized dividend and a yield of 1.6%. Centerra Gold’s payout ratio is 6.77%.

Centerra Gold Company Profile

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.