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

Centerra Gold Inc. (NYSE:CGAU) has earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, three have issued 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 ratings on the stock in the last year is $12.00.

Several brokerages recently commented on CGAU. Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a research report on Monday, April 14th. National Bank Financial raised Centerra Gold to a “strong-buy” rating in a research report on Friday, March 21st. Desjardins cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Thursday, February 13th. CIBC restated a “neutral” rating on shares of Centerra Gold in a research note on Thursday, March 20th. Finally, Raymond James restated an “outperform” rating on shares of Centerra Gold in a research note on Friday, April 4th.

Institutional Investors Weigh In On Centerra Gold

Several hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Centerra Gold in the 4th quarter valued at about $268,000. American Century Companies Inc. boosted its stake in shares of Centerra Gold by 34.1% in the 4th quarter. American Century Companies Inc. now owns 3,291,860 shares of the company’s stock worth $18,733,000 after buying an additional 836,777 shares during the last quarter. Ritholtz Wealth Management lifted its stake in Centerra Gold by 285.2% in the fourth quarter. Ritholtz Wealth Management now owns 97,025 shares of the company’s stock valued at $552,000 after purchasing an additional 71,835 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in Centerra Gold by 11.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company’s stock valued at $284,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Amundi lifted its stake in Centerra Gold by 168.6% in the fourth quarter. Amundi now owns 2,628,623 shares of the company’s stock valued at $15,377,000 after purchasing an additional 1,650,160 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Stock Performance

Shares of NYSE CGAU opened at $6.73 on Wednesday. The stock has a 50 day moving average price of $6.46 and a 200 day moving average price of $6.18. Centerra Gold has a 52 week low of $5.41 and a 52 week high of $7.82. The stock has a market capitalization of $1.41 billion, a PE ratio of 18.69 and a beta of 0.80.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The firm had revenue of $299.50 million during the quarter, compared to analysts’ expectations of $288.25 million. As a group, research analysts forecast that Centerra Gold will post 0.59 EPS for the current year.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Thursday, May 22nd. Centerra Gold’s dividend payout ratio (DPR) is 100.00%.

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.