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

Shares of Centerra Gold Inc. (NYSE:CGAU) have been given an average recommendation of “Buy” by the five brokerages that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $9.55.

Several research firms have commented on CGAU. National Bank Financial reissued an “outperform overweight” rating on shares of Centerra Gold in a report on Monday, April 8th. CIBC increased their price target on Centerra Gold from $9.50 to $11.00 and gave the stock an “outperformer” rating in a report on Monday, April 15th. Finally, BMO Capital Markets assumed coverage on shares of Centerra Gold in a research report on Wednesday, February 21st. They set an “outperform” rating on the stock.

Centerra Gold Trading Up 0.6 %

NYSE:CGAU opened at $6.58 on Friday. Centerra Gold has a 1-year low of $4.47 and a 1-year high of $7.08. The business’s 50-day moving average price is $5.95 and its two-hundred day moving average price is $5.67. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -17.78 and a beta of 0.94.

Centerra Gold (NYSE:CGAU) last issued its earnings results on Thursday, February 22nd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $340.00 million during the quarter. Centerra Gold had a negative net margin of 7.43% and a positive return on equity of 0.62%. Sell-side analysts predict that Centerra Gold will post 0.55 earnings per share for the current year.

Centerra Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were paid a dividend of $0.0518 per share. This represents a $0.21 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, March 12th. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s dividend payout ratio (DPR) is -43.24%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Van ECK Associates Corp increased its position in Centerra Gold by 7.6% during the 1st quarter. Van ECK Associates Corp now owns 22,034,754 shares of the company’s stock valued at $130,191,000 after buying an additional 1,552,601 shares in the last quarter. Donald Smith & CO. Inc. raised its stake in shares of Centerra Gold by 27.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 9,879,956 shares of the company’s stock valued at $58,885,000 after buying an additional 2,156,920 shares during the last quarter. Ruffer LLP lifted its holdings in Centerra Gold by 18.5% in the third quarter. Ruffer LLP now owns 8,547,150 shares of the company’s stock valued at $42,371,000 after acquiring an additional 1,331,400 shares during the period. Vanguard Group Inc. boosted its holdings in Centerra Gold by 2.8% during the third quarter. Vanguard Group Inc. now owns 8,031,893 shares of the company’s stock worth $39,356,000 after buying an additional 220,263 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Centerra Gold by 8.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,164,687 shares of the company’s stock valued at $18,862,000 after purchasing an additional 247,027 shares in the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

About Centerra Gold

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.