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

Centerra Gold Inc. (NYSE:CGAUGet Rating) has earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $13.00.

CGAU has been the topic of several recent analyst reports. Canaccord Genuity Group upped their price target on shares of Centerra Gold from C$12.50 to C$12.75 and gave the company a “buy” rating in a report on Tuesday, March 1st. Scotiabank upped their price target on shares of Centerra Gold from C$12.50 to C$14.00 in a report on Tuesday, April 5th. Zacks Investment Research raised shares of Centerra Gold from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd. TD Securities cut their price target on shares of Centerra Gold from C$14.50 to C$14.00 in a report on Friday, May 6th. Finally, Raymond James boosted their target price on shares of Centerra Gold from C$14.00 to C$15.00 in a research note on Wednesday, April 20th.

NYSE CGAU opened at $8.11 on Friday. The company’s fifty day simple moving average is $9.34 and its 200-day simple moving average is $8.60. Centerra Gold has a 52 week low of $6.64 and a 52 week high of $10.57. The stock has a market cap of $2.41 billion and a P/E ratio of -5.23.

Centerra Gold (NYSE:CGAUGet Rating) last posted its earnings results on Friday, February 25th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $251.10 million for the quarter. Centerra Gold had a positive return on equity of 9.21% and a negative net margin of 47.44%. On average, equities analysts forecast that Centerra Gold will post 0.68 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Wednesday, May 18th will be given a dividend of $0.054 per share. The ex-dividend date is Tuesday, May 17th. This represents a $0.22 annualized dividend and a dividend yield of 2.66%. Centerra Gold’s dividend payout ratio is currently -14.19%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vident Investment Advisory LLC bought a new position in Centerra Gold in the 3rd quarter valued at about $102,000. National Bank of Canada FI bought a new position in Centerra Gold in the 4th quarter valued at about $122,000. Hsbc Holdings PLC bought a new position in Centerra Gold in the 3rd quarter valued at about $132,000. UBS Group AG bought a new position in Centerra Gold in the 1st quarter valued at about $204,000. Finally, Vontobel Holding Ltd. grew its position in Centerra Gold by 125.9% in the 1st quarter. Vontobel Holding Ltd. now owns 23,743 shares of the company’s stock valued at $233,000 after buying an additional 13,233 shares in the last quarter. Hedge funds and other institutional investors own 37.38% of the company’s stock.

About Centerra Gold (Get Rating)

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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Analyst Recommendations for Centerra Gold (NYSE:CGAU)

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