Centerra Gold (NYSE:CGAU) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Centerra Gold (NYSE:CGAU) from a strong-buy rating to a buy rating in a research report released on Saturday.

Several other analysts have also recently weighed in on the company. Zacks Research upgraded Centerra Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a research report on Monday, December 29th. Scotiabank boosted their target price on shares of Centerra Gold from $13.50 to $19.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Centerra Gold in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Centerra Gold has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Centerra Gold Stock Up 5.0%

Shares of NYSE:CGAU opened at $21.07 on Friday. Centerra Gold has a 52-week low of $5.41 and a 52-week high of $21.11. The company has a market capitalization of $4.21 billion, a PE ratio of 7.42, a price-to-earnings-growth ratio of 0.47 and a beta of 0.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.65 and a current ratio of 2.39. The company has a fifty day moving average of $17.16 and a 200-day moving average of $13.08.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Centerra Gold had a return on equity of 12.42% and a net margin of 42.18%.The company had revenue of $401.60 million for the quarter, compared to the consensus estimate of $355.39 million. On average, equities analysts predict that Centerra Gold will post 0.59 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be given a $0.07 dividend. The ex-dividend date is Thursday, March 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. Centerra Gold’s payout ratio is 7.04%.

Institutional Trading of Centerra Gold

A number of institutional investors have recently bought and sold shares of CGAU. Global Retirement Partners LLC acquired a new stake in Centerra Gold during the 4th quarter worth about $36,000. Burkett Financial Services LLC bought a new stake in shares of Centerra Gold during the 3rd quarter valued at about $30,000. TD Waterhouse Canada Inc. grew its stake in Centerra Gold by 1,106.5% during the third quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company’s stock worth $33,000 after purchasing an additional 2,733 shares during the period. Osaic Holdings Inc. increased its holdings 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 in the last quarter. Finally, Leonteq Securities AG bought a new stake in Centerra Gold in the fourth quarter worth approximately $72,000. Institutional investors 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.