Centerra Gold (NYSE:CGAU) Stock Rating Upgraded by Wall Street Zen

Centerra Gold (NYSE:CGAU) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other research analysts have also issued reports about the stock. Scotiabank lowered their target price on shares of Centerra Gold from $12.00 to $9.50 and set a “sector outperform” rating on the stock in a research report on Tuesday, September 16th. National Bankshares restated an “outperform” rating on shares of Centerra Gold in a report on Tuesday, June 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Centerra Gold in a report on Wednesday, October 8th. Raymond James Financial downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Royal Bank Of Canada cut Centerra Gold from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $13.00 to $14.00 in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Centerra Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.83.

Centerra Gold Price Performance

Shares of CGAU stock opened at $11.83 on Friday. The business’s fifty day moving average price is $9.35 and its 200 day moving average price is $7.80. The firm has a market capitalization of $2.39 billion, a PE ratio of 35.85, a P/E/G ratio of 0.76 and a beta of 0.88. Centerra Gold has a 1-year low of $5.41 and a 1-year high of $12.80.

Centerra Gold (NYSE:CGAU) last issued its earnings results on Wednesday, August 6th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.17 by $0.08. The company had revenue of $288.30 million for the quarter, compared to analyst estimates of $319.42 million. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. Equities research analysts expect that Centerra Gold will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of Centerra Gold

A number of large investors have recently made changes to their positions in CGAU. Invesco Ltd. increased its position in Centerra Gold by 37.5% during the 1st quarter. Invesco Ltd. now owns 2,180,721 shares of the company’s stock worth $13,848,000 after purchasing an additional 594,674 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Centerra Gold by 1,792.9% during the 1st quarter. Deutsche Bank AG now owns 439,501 shares of the company’s stock worth $2,791,000 after purchasing an additional 416,283 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Centerra Gold by 4.7% during the first 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. AMH Equity Ltd acquired a new position in shares of Centerra Gold in the first quarter valued at approximately $902,000. Finally, American Century Companies Inc. raised its position in shares of Centerra Gold by 9.9% in the first quarter. American Century Companies Inc. now owns 3,618,654 shares of the company’s stock valued at $22,958,000 after buying an additional 326,794 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.