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

Centerra Gold Inc. (NYSE:CGAU) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $12.00.

Several equities analysts have recently weighed in on CGAU shares. Raymond James restated an “outperform” rating on shares of Centerra Gold in a report on Friday, April 4th. Desjardins cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. CIBC reaffirmed a “neutral” rating on shares of Centerra Gold in a research report on Thursday, March 20th. National Bankshares restated an “outperform” rating on shares of Centerra Gold in a research note on Wednesday, April 23rd. Finally, Cormark downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

Centerra Gold Trading Up 1.4 %

CGAU stock opened at $6.69 on Friday. The stock has a market cap of $1.40 billion, a PE ratio of 18.58 and a beta of 0.81. The stock has a 50-day moving average price of $6.20 and a two-hundred day moving average price of $6.23. Centerra Gold has a 1 year low of $5.41 and a 1 year high of $7.82.

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

Centerra Gold Increases Dividend

The company also recently announced 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. The ex-dividend date was Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.19%. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s dividend payout ratio (DPR) is 52.78%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vise Technologies Inc. acquired a new position in shares of Centerra Gold in the fourth quarter valued at about $58,000. SG Americas Securities LLC acquired a new stake in shares of Centerra Gold in the fourth quarter valued at approximately $59,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Centerra Gold in the fourth quarter valued at approximately $60,000. Susquehanna Advisors Group Inc. acquired a new stake in Centerra Gold during the fourth quarter worth approximately $61,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Centerra Gold in the 4th quarter valued at $79,000. 55.40% of the stock is owned by institutional investors and hedge funds.

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.