Analysts Set Centerra Gold Inc. (NYSE:CGAU) Price Target at $17.50

Shares of Centerra Gold Inc. (NYSE:CGAU) have received an average rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $17.50.

CGAU has been the subject of several recent research reports. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, July 7th. Wall Street Zen downgraded shares of Centerra Gold from a “buy” rating to a “hold” rating in a research report on Saturday.

Institutional Trading of Centerra Gold

A number of large investors have recently made changes to their positions in CGAU. Janney Montgomery Scott LLC grew its holdings in 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 during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Centerra Gold by 2.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,939 shares of the company’s stock valued at $531,000 after buying an additional 747 shares during the period. CWM LLC boosted its position in shares of Centerra Gold by 5.3% during 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. Pictet Asset Management Holding SA grew its stake in shares of Centerra Gold by 3.5% during the first quarter. Pictet Asset Management Holding SA now owns 39,102 shares of the company’s stock valued at $693,000 after buying an additional 1,340 shares during the last quarter. Finally, Baron Wealth Management LLC grew its stake in shares of Centerra Gold by 6.2% during the first quarter. Baron Wealth Management LLC now owns 27,602 shares of the company’s stock valued at $491,000 after buying an additional 1,621 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Stock Up 0.2%

CGAU stock opened at $16.21 on Monday. Centerra Gold has a fifty-two week low of $6.71 and a fifty-two week high of $21.17. The business’s 50 day moving average price is $16.29 and its two-hundred day moving average price is $17.48. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.60 and a current ratio of 2.41. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 5.23, a price-to-earnings-growth ratio of 0.61 and a beta of 0.81.

Centerra Gold (NYSE:CGAU) last released its earnings results on Wednesday, April 29th. The company reported $0.44 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $373.47 million. As a group, analysts forecast that Centerra Gold will post 1.61 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a dividend of $0.07 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. Centerra Gold’s dividend payout ratio (DPR) is currently 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.