Centerra Gold Inc. (NYSE:CGAU) Receives Average Rating of “Moderate Buy” from Brokerages

Centerra Gold Inc. (NYSE:CGAU) has earned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $16.00.

Several equities research analysts recently commented on the company. BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Scotiabank upped their target price on shares of Centerra Gold from $13.50 to $19.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Wall Street Zen downgraded shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Zacks Research upgraded shares of Centerra Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Centerra Gold in a report on Monday, December 29th.

Hedge Funds Weigh In On Centerra Gold

Hedge funds and other institutional investors have recently modified their holdings of the company. Burkett Financial Services LLC bought a new stake in shares of Centerra Gold in the third quarter worth $30,000. TD Waterhouse Canada Inc. lifted its holdings in Centerra Gold by 1,106.5% in 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 period. Osaic Holdings Inc. boosted its position in Centerra Gold by 63.0% in the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock worth $34,000 after purchasing an additional 1,839 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Centerra Gold during the 4th quarter valued at about $36,000. Finally, Leonteq Securities AG bought a new stake in shares of Centerra Gold during the 4th quarter valued at about $72,000. 55.40% of the stock is owned by institutional investors.

Centerra Gold Price Performance

Shares of NYSE CGAU opened at $18.30 on Tuesday. The firm has a market cap of $3.66 billion, a P/E ratio of 6.44, a PEG ratio of 0.89 and a beta of 0.83. Centerra Gold has a twelve month low of $5.41 and a twelve month high of $21.17. The company has a quick ratio of 1.65, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $18.10 and a 200 day moving average of $14.01.

Centerra Gold (NYSE:CGAU) last issued its earnings results on Thursday, February 19th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The business had revenue of $401.60 million for the quarter, compared to the consensus estimate of $355.39 million. Centerra Gold had a return on equity of 12.42% and a net margin of 42.18%. As a group, research analysts expect that Centerra Gold will post 0.59 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, March 12th. Centerra Gold’s payout ratio is 7.39%.

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.