Wall Street Zen Upgrades Centerra Gold (NYSE:CGAU) to Strong-Buy

Centerra Gold (NYSE:CGAU) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Several other equities research analysts have also recently commented on CGAU. Zacks Research cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a research note on Wednesday, February 4th. Scotiabank lifted their target price on shares of Centerra Gold from $13.50 to $19.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a research report on Monday, December 29th. Finally, BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Centerra Gold Price Performance

Centerra Gold stock opened at $16.74 on Friday. The business’s 50-day simple moving average is $18.28 and its 200 day simple moving average is $14.45. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 5.89, a P/E/G ratio of 0.82 and a beta of 0.83. Centerra Gold has a 12-month low of $5.41 and a 12-month high of $21.17. The company has a quick ratio of 1.65, a current ratio of 2.39 and a debt-to-equity ratio of 0.04.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Centerra Gold had a return on equity of 12.42% and a net margin of 42.18%.The firm had revenue of $401.60 million during the quarter, compared to analysts’ expectations of $355.39 million. As a group, research analysts anticipate that Centerra Gold will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in shares of Centerra Gold by 2.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 24,860 shares of the company’s stock worth $357,000 after acquiring an additional 575 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Centerra Gold by 2.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 36,939 shares of the company’s stock valued at $531,000 after buying an additional 747 shares during the last quarter. Burkett Financial Services LLC raised its holdings in Centerra Gold by 27.5% during the fourth quarter. Burkett Financial Services LLC now owns 3,569 shares of the company’s stock worth $51,000 after acquiring an additional 769 shares in the last quarter. CWM LLC lifted its stake in shares of Centerra Gold by 5.3% during the 4th quarter. CWM LLC now owns 16,300 shares of the company’s stock worth $234,000 after buying an additional 820 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Centerra Gold by 63.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock worth $34,000 after buying an additional 1,839 shares during the period. Institutional investors and hedge funds 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.