Shares of Centerra Gold Inc. (NYSE:CGAU – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $11.00.
Several brokerages recently commented on CGAU. National Bank Financial upgraded Centerra Gold to a “strong-buy” rating in a research report on Friday, March 21st. CIBC reissued a “neutral” rating on shares of Centerra Gold in a research note on Thursday, March 20th. Raymond James Financial restated an “outperform” rating on shares of Centerra Gold in a report on Friday, April 4th. Cibc World Mkts raised shares of Centerra Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 27th. Finally, National Bankshares reiterated an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, June 24th.
Read Our Latest Stock Report on CGAU
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in Centerra Gold in the 2nd quarter worth approximately $27,000. Pinnacle Holdings LLC purchased a new position in shares of Centerra Gold during the first quarter worth approximately $39,000. Vise Technologies Inc. bought a new stake in shares of Centerra Gold in the 4th quarter worth approximately $58,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Centerra Gold in the 4th quarter valued at $60,000. Finally, Susquehanna Advisors Group Inc. purchased a new stake in shares of Centerra Gold in the 4th quarter valued at $61,000. 55.40% of the stock is currently owned by hedge funds and other institutional investors.
Centerra Gold Price Performance
Shares of CGAU opened at $7.23 on Thursday. The business has a 50-day moving average of $7.12 and a 200-day moving average of $6.51. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 0.40 and a beta of 0.81. Centerra Gold has a 1 year low of $5.41 and a 1 year high of $7.82.
Centerra Gold (NYSE:CGAU – Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $299.50 million during the quarter, compared to analyst estimates of $288.25 million. Centerra Gold had a net margin of 3.68% and a return on equity of 8.71%. As a group, sell-side analysts anticipate that Centerra Gold will post 0.59 EPS for the current year.
Centerra Gold Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid a $0.07 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.28 annualized dividend and a yield of 3.88%. Centerra Gold’s dividend payout ratio is currently 105.26%.
About Centerra Gold
(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 are 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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