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

Shares of Centerra Gold Inc. (NYSE:CGAU) have received a consensus recommendation of “Buy” from the five research firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is $9.07.

A number of research analysts recently issued reports on CGAU shares. National Bank Financial reiterated an “outperform overweight” rating on shares of Centerra Gold in a research note on Monday, April 8th. BMO Capital Markets started coverage on shares of Centerra Gold in a research note on Wednesday, February 21st. They issued an “outperform” rating for the company. Finally, Raymond James decreased their price target on shares of Centerra Gold from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, December 29th.

Centerra Gold Stock Performance

NYSE CGAU opened at $5.99 on Monday. The firm has a 50 day simple moving average of $5.51 and a 200-day simple moving average of $5.49. Centerra Gold has a one year low of $4.47 and a one year high of $7.71. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -16.19 and a beta of 0.98.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). Centerra Gold had a negative net margin of 7.43% and a positive return on equity of 0.62%. The business had revenue of $340.00 million during the quarter. Equities analysts predict that Centerra Gold will post 0.51 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.0518 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.21 dividend on an annualized basis and a yield of 3.46%. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s dividend payout ratio (DPR) is presently -54.05%.

Institutional Trading of Centerra Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its holdings in shares of Centerra Gold by 99.6% in the 3rd quarter. American Century Companies Inc. now owns 1,135,677 shares of the company’s stock valued at $5,552,000 after acquiring an additional 566,652 shares during the period. Vanguard Group Inc. increased its holdings in shares of Centerra Gold by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 8,031,893 shares of the company’s stock valued at $39,356,000 after acquiring an additional 220,263 shares during the period. Deutsche Bank AG increased its holdings in shares of Centerra Gold by 818.1% in the 3rd quarter. Deutsche Bank AG now owns 169,704 shares of the company’s stock valued at $832,000 after acquiring an additional 151,220 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Centerra Gold by 134.2% in the 3rd quarter. Hsbc Holdings PLC now owns 35,587 shares of the company’s stock valued at $174,000 after acquiring an additional 20,389 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Centerra Gold by 91.9% in the 3rd quarter. Mackenzie Financial Corp now owns 3,384,834 shares of the company’s stock valued at $15,775,000 after acquiring an additional 1,621,158 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.