Centerra Gold Inc. (NYSE:CGAU) Receives $11.00 Average PT from Analysts

Shares of Centerra Gold Inc. (NYSE:CGAU) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $11.00.

Separately, Desjardins upgraded Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st.

Institutional Investors Weigh In On Centerra Gold

A number of large investors have recently added to or reduced their stakes in CGAU. Russell Investments Group Ltd. grew its stake in Centerra Gold by 80.0% in the 1st quarter. Russell Investments Group Ltd. now owns 117,034 shares of the company’s stock valued at $692,000 after buying an additional 52,014 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Centerra Gold during the first quarter worth approximately $113,000. Artemis Investment Management LLP bought a new position in shares of Centerra Gold during the second quarter worth approximately $268,000. U S Global Investors Inc. lifted its holdings in Centerra Gold by 3.2% during the 2nd quarter. U S Global Investors Inc. now owns 1,009,583 shares of the company’s stock worth $6,941,000 after purchasing an additional 31,377 shares during the last quarter. Finally, Polunin Capital Partners Ltd bought a new stake in Centerra Gold in the 2nd quarter valued at $3,758,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Trading Up 0.8 %

Centerra Gold stock opened at $6.04 on Wednesday. Centerra Gold has a 1-year low of $4.47 and a 1-year high of $7.82. The company has a fifty day simple moving average of $6.80 and a 200 day simple moving average of $6.84. The company has a market cap of $1.28 billion, a P/E ratio of 12.57 and a beta of 0.98.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. The company had revenue of $323.93 million during the quarter. During the same period last year, the firm earned $0.20 EPS. On average, equities research analysts forecast that Centerra Gold will post 0.79 EPS for the current year.

Centerra Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.052 dividend. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.21 annualized dividend and a yield of 3.45%. Centerra Gold’s dividend payout ratio is currently 43.75%.

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.