Centerra Gold Inc. (NYSE:CGAU) Receives $12.83 Average PT from Brokerages

Centerra Gold Inc. (NYSE:CGAU) has received a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $12.8333.

Several equities analysts recently issued reports on the company. Royal Bank Of Canada cut Centerra Gold from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $13.00 to $14.00 in a research report on Wednesday, September 10th. Wall Street Zen raised Centerra Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Scotiabank lowered their price target on Centerra Gold from $12.00 to $9.50 and set a “sector outperform” rating on the stock in a report on Tuesday, September 16th. National Bankshares reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Tuesday, June 24th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Centerra Gold in a research note on Monday, September 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC purchased a new position in shares of Centerra Gold in the 2nd quarter worth $27,000. Osaic Holdings Inc. lifted its holdings in Centerra Gold by 63.0% in the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after acquiring an additional 1,839 shares during the period. Pinnacle Holdings LLC bought a new position in Centerra Gold in the first quarter valued at about $39,000. Vise Technologies Inc. bought a new position in Centerra Gold in the fourth quarter valued at about $58,000. Finally, Carrera Capital Advisors bought a new position in Centerra Gold in the second quarter valued at about $81,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Price Performance

Shares of Centerra Gold stock opened at $9.91 on Tuesday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 2.67 and a beta of 0.82. The firm’s 50-day moving average is $8.00 and its 200 day moving average is $7.19. Centerra Gold has a 1 year low of $5.41 and a 1 year high of $9.98.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.08. The company had revenue of $288.30 million for the quarter, compared to analysts’ expectations of $319.42 million. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. On average, equities analysts expect that Centerra Gold will post 0.59 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a dividend of $0.07 per share. The ex-dividend date was Thursday, August 21st. This represents a $0.28 dividend on an annualized basis and a yield of 2.8%. Centerra Gold’s dividend payout ratio is 60.61%.

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.