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

Centerra Gold Inc. (NYSE:CGAU) has received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $14.1667.

CGAU has been the topic of a number of research analyst reports. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a research note on Thursday, October 23rd. Royal Bank Of Canada cut shares of Centerra Gold from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $13.00 to $14.00 in a research note on Wednesday, September 10th. Zacks Research upgraded shares of Centerra Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Finally, Wall Street Zen raised Centerra Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st.

Hedge Funds Weigh In On Centerra Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC increased its stake in shares of Centerra Gold by 6.9% during the third quarter. CWM LLC now owns 15,480 shares of the company’s stock worth $166,000 after purchasing an additional 1,000 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in 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 buying an additional 1,839 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Centerra Gold by 0.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 702,035 shares of the company’s stock worth $5,045,000 after buying an additional 2,047 shares during the last quarter. Hsbc Holdings PLC increased its stake in Centerra Gold by 4.7% during the 1st quarter. Hsbc Holdings PLC now owns 55,268 shares of the company’s stock worth $351,000 after buying an additional 2,499 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Centerra Gold by 1,106.5% during the third quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company’s stock valued at $33,000 after acquiring an additional 2,733 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Centerra Gold Trading Up 3.0%

Shares of NYSE:CGAU opened at $14.26 on Friday. The company has a market capitalization of $2.88 billion, a PE ratio of 8.70, a P/E/G ratio of 0.52 and a beta of 0.88. The company has a current ratio of 2.89, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. Centerra Gold has a 12-month low of $5.41 and a 12-month high of $14.42. The business’s fifty day simple moving average is $12.06 and its 200-day simple moving average is $9.30.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data 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. Centerra Gold had a return on equity of 10.47% and a net margin of 26.35%.The firm had revenue of $395.20 million during the quarter, compared to analysts’ expectations of $314.74 million. As a group, equities research analysts predict that Centerra Gold will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, November 13th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.28 dividend on an annualized basis and a yield of 2.0%. Centerra Gold’s dividend payout ratio (DPR) is currently 12.20%.

About Centerra Gold

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.