Centerra Gold Inc. (CGAU) – What Are Researchers Thinking About This Stock?

Shares of Centerra Gold Inc. (NYSE:CGAU) have earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $21.00.

A number of research analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Centerra Gold in a research report on Thursday, July 30th. Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a report on Tuesday, August 4th. Wall Street Zen cut shares of Centerra Gold from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings raised shares of Centerra Gold from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 31st. Finally, Zacks Research lowered shares of Centerra Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday.

Centerra Gold Trading Up 3.3%

CGAU stock opened at $22.54 on Friday. The company’s 50-day simple moving average is $22.14 and its 200-day simple moving average is $18.88. The company has a quick ratio of 1.49, a current ratio of 2.42 and a debt-to-equity ratio of 0.03. Centerra Gold has a 52-week low of $10.46 and a 52-week high of $24.52. The firm has a market cap of $4.40 billion, a P/E ratio of 7.20, a PEG ratio of 0.83 and a beta of 0.84.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $442.71 million during the quarter, compared to analyst estimates of $394.27 million. Centerra Gold had a return on equity of 15.35% and a net margin of 36.92%. As a group, equities analysts forecast that Centerra Gold will post 1.60 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a C$0.07 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. Centerra Gold’s dividend payout ratio (DPR) is currently 6.39%.

Institutional Investors Weigh In On Centerra Gold

Several large investors have recently bought and sold shares of CGAU. Donald Smith & CO. Inc. acquired a new position in shares of Centerra Gold during the second quarter valued at approximately $245,004,000. Arrowstreet Capital Limited Partnership increased its position in shares of Centerra Gold by 0.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 8,314,250 shares of the company’s stock worth $147,899,000 after purchasing an additional 39,315 shares in the last quarter. Heartland Advisors Inc. increased its position in shares of Centerra Gold by 0.7% during the first quarter. Heartland Advisors Inc. now owns 2,216,216 shares of the company’s stock worth $39,426,000 after purchasing an additional 14,766 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Centerra Gold in the 2nd quarter valued at $37,142,000. Finally, Neumeier Poma Investment Counsel LLC acquired a new position in Centerra Gold in the 2nd quarter valued at $32,524,070. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based, intermediate gold and copper producer headquartered in Toronto, Ontario. The company explores, develops and operates precious- and base-metal properties, with a focus on responsible mining and the production of gold and copper concentrates and doré.

Centerra’s principal operating assets include the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in Türkiye. Mount Milligan produces copper and gold concentrate, while Öksüt is an open-pit, heap-leach operation that produces gold doré.