Centerra Gold Inc. (NYSE:CGAU) Given Consensus Recommendation of “Buy” by Brokerages

Centerra Gold Inc. (NYSE:CGAUGet Free Report) has been assigned a consensus rating of “Buy” from the four ratings firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $9.07.

Several brokerages recently weighed in on CGAU. Raymond James reduced their price target on shares of Centerra Gold from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, December 29th. Desjardins restated a “buy” rating on shares of Centerra Gold in a research report on Wednesday, November 29th. Finally, National Bank Financial restated an “outperform spec overweight” rating on shares of Centerra Gold in a research report on Wednesday, January 3rd.

Get Our Latest Report on Centerra Gold

Centerra Gold Price Performance

Centerra Gold stock opened at $5.37 on Wednesday. The stock has a market cap of $1.16 billion, a P/E ratio of -6.47 and a beta of 1.00. Centerra Gold has a 1 year low of $4.51 and a 1 year high of $7.71. The firm’s 50 day moving average price is $5.73 and its 200-day moving average price is $5.61.

Centerra Gold (NYSE:CGAUGet Free Report) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.06. The firm had revenue of $343.90 million for the quarter. Centerra Gold had a negative net margin of 18.96% and a negative return on equity of 3.72%. As a group, equities analysts expect that Centerra Gold will post 0.03 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. U S Global Investors Inc. boosted its stake in Centerra Gold by 22.8% during the fourth quarter. U S Global Investors Inc. now owns 788,003 shares of the company’s stock worth $4,707,000 after buying an additional 146,355 shares during the period. Heron Bay Capital Management purchased a new stake in shares of Centerra Gold during the fourth quarter valued at $77,000. Vanguard Group Inc. boosted its stake in shares of Centerra Gold by 2.8% during the third quarter. Vanguard Group Inc. now owns 8,031,893 shares of the company’s stock valued at $39,356,000 after purchasing an additional 220,263 shares during the period. Wellington Management Group LLP boosted its stake in shares of Centerra Gold by 2.4% during the third quarter. Wellington Management Group LLP now owns 2,983,015 shares of the company’s stock valued at $14,650,000 after purchasing an additional 69,169 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Centerra Gold by 99.6% during the third quarter. American Century Companies Inc. now owns 1,135,677 shares of the company’s stock valued at $5,552,000 after purchasing an additional 566,652 shares during the period. 51.53% of the stock is owned by hedge funds and other institutional investors.

Centerra Gold Company Profile

(Get Free Report

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 include the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt Gold Mine located in Turkey.

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