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

Shares of Centerra Gold Inc. (NYSE:CGAU) have been given an average rating of “Moderate Buy” by the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $14.1667.

A number of research firms have recently weighed in on CGAU. Zacks Research downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Wall Street Zen upgraded Centerra Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Finally, Scotiabank reiterated an “outperform” rating on shares of Centerra Gold in a report on Thursday, October 23rd.

Centerra Gold Price Performance

NYSE CGAU opened at $18.40 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.89 and a quick ratio of 2.10. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 0.48 and a beta of 0.87. The company has a 50 day simple moving average of $14.38 and a 200-day simple moving average of $11.10. Centerra Gold has a 52-week low of $5.41 and a 52-week high of $18.78.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. Centerra Gold had a net margin of 26.35% and a return on equity of 10.47%. The firm had revenue of $395.20 million for the quarter, compared to analyst estimates of $314.74 million. Equities research analysts predict that Centerra Gold will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th were paid a $0.07 dividend. The ex-dividend date was Thursday, November 13th. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. Centerra Gold’s payout ratio is 12.20%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new stake in shares of Centerra Gold in the 1st quarter valued at $192,000. Dynamic Technology Lab Private Ltd bought a new position in Centerra Gold during the first quarter valued at about $97,000. Goldman Sachs Group Inc. raised its holdings in Centerra Gold by 57.2% during the first quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock valued at $84,739,000 after buying an additional 4,853,494 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Centerra Gold in the first quarter worth about $218,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Centerra Gold in the second quarter worth about $27,000. Institutional investors own 55.40% of the company’s stock.

About Centerra Gold

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.