Centerra Gold (NYSE:CGAU) Shares Down 10.2% – Should You Sell?

Centerra Gold Inc. (NYSE:CGAU) shares fell 10.2% on Friday . The stock traded as low as $17.60 and last traded at $17.5310. 518,822 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 2,032,304 shares. The stock had previously closed at $19.52.

Analyst Ratings Changes

CGAU has been the topic of a number of research reports. Raymond James Financial reiterated a “market perform” rating on shares of Centerra Gold in a research note on Thursday, October 30th. BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. Cormark upgraded Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. Zacks Research cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, Scotiabank upped their price objective on Centerra Gold from $13.50 to $19.00 and gave the company an “outperform” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Centerra Gold presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Centerra Gold Price Performance

The firm has a market cap of $3.42 billion, a P/E ratio of 10.43, a PEG ratio of 0.51 and a beta of 0.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.89 and a quick ratio of 2.10. The company’s 50-day moving average is $15.00 and its two-hundred day moving average is $11.39.

Centerra Gold (NYSE:CGAU) last issued its earnings results on Tuesday, October 28th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.22 by $0.11. Centerra Gold had a net margin of 26.35% and a return on equity of 10.47%. The company had revenue of $395.20 million during the quarter, compared to analysts’ expectations of $314.74 million. Sell-side analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Centerra Gold

Large investors have recently modified their holdings of the business. Pictet Asset Management Holding SA boosted its holdings in shares of Centerra Gold by 12.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 37,762 shares of the company’s stock valued at $544,000 after acquiring an additional 4,318 shares in the last quarter. U S Global Investors Inc. acquired a new stake in shares of Centerra Gold during the fourth quarter valued at about $10,381,000. Eagle Global Advisors LLC acquired a new stake in shares of Centerra Gold during the fourth quarter valued at about $181,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Centerra Gold by 8.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,009 shares of the company’s stock worth $1,081,000 after purchasing an additional 5,977 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Centerra Gold by 5.3% in the fourth quarter. CWM LLC now owns 16,300 shares of the company’s stock valued at $234,000 after buying an additional 820 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.