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

Shares of Centerra Gold Inc. (NYSE:CGAU) have received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $11.00.

A number of analysts recently issued reports on CGAU shares. Cormark cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Desjardins lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. CIBC reaffirmed a “neutral” rating on shares of Centerra Gold in a research report on Thursday, March 20th. Scotiabank lowered their target price on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a report on Wednesday, January 15th. Finally, National Bank Financial raised Centerra Gold to a “strong-buy” rating in a research report on Friday, March 21st.

Hedge Funds Weigh In On Centerra Gold

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP boosted its position in Centerra Gold by 129.6% during the third quarter. Quantbot Technologies LP now owns 57,796 shares of the company’s stock valued at $414,000 after purchasing an additional 32,621 shares during the last quarter. FMR LLC raised its stake in shares of Centerra Gold by 114.5% during the 3rd quarter. FMR LLC now owns 37,100 shares of the company’s stock worth $266,000 after purchasing an additional 19,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Centerra Gold by 8.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,308 shares of the company’s stock valued at $419,000 after buying an additional 4,373 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Centerra Gold in the third quarter valued at $89,000. Finally, Verition Fund Management LLC acquired a new position in Centerra Gold during the third quarter worth $206,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Stock Performance

CGAU opened at $6.36 on Tuesday. Centerra Gold has a twelve month low of $5.46 and a twelve month high of $7.82. The firm has a market cap of $1.33 billion, a PE ratio of 17.65 and a beta of 0.92. The firm’s fifty day moving average is $6.18 and its two-hundred day moving average is $6.33.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The business had revenue of $302.40 million for the quarter, compared to the consensus estimate of $316.92 million. Equities analysts forecast that Centerra Gold will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.41%. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, March 13th. Centerra Gold’s dividend payout ratio is currently 52.78%.

Centerra Gold Company Profile

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.