Centerra Gold Inc. (NYSE:CGAU - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $11.00.
Several equities research analysts have issued reports on the company. Cibc World Mkts downgraded Centerra Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 10th. Desjardins upgraded Centerra Gold to a "moderate buy" rating in a research report on Thursday. Finally, CIBC restated a "neutral" rating and set a $13.00 target price (up previously from $11.00) on shares of Centerra Gold in a research report on Wednesday, July 10th.
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Institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Centerra Gold by 7.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,426 shares of the company's stock valued at $1,142,000 after purchasing an additional 12,257 shares during the last quarter. Hartree Partners LP grew its position in Centerra Gold by 11.3% in the 1st quarter. Hartree Partners LP now owns 490,900 shares of the company's stock worth $2,901,000 after purchasing an additional 49,700 shares during the period. Heartland Advisors Inc. grew its position in Centerra Gold by 2.8% in the 1st quarter. Heartland Advisors Inc. now owns 2,256,800 shares of the company's stock worth $13,338,000 after purchasing an additional 62,300 shares during the period. Russell Investments Group Ltd. grew its position in Centerra Gold by 80.0% in the 1st quarter. Russell Investments Group Ltd. now owns 117,034 shares of the company's stock worth $692,000 after purchasing an additional 52,014 shares during the period. Finally, Edmond DE Rothschild Holding S.A. grew its position in Centerra Gold by 10.9% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,949,795 shares of the company's stock worth $17,425,000 after purchasing an additional 289,795 shares during the period. 55.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CGAU opened at $6.52 on Friday. The stock has a 50 day moving average price of $7.09 and a two-hundred day moving average price of $6.85. The firm has a market capitalization of $1.38 billion, a P/E ratio of 10.35 and a beta of 0.98. Centerra Gold has a 52 week low of $4.47 and a 52 week high of $7.82.
Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.16 by $0.07. Centerra Gold had a return on equity of 10.72% and a net margin of 10.68%. The business had revenue of $282.31 million for the quarter. During the same quarter in the previous year, the company posted ($0.20) EPS. On average, equities analysts forecast that Centerra Gold will post 0.84 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.052 per share. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. This represents a $0.21 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Wednesday, November 13th. Centerra Gold's dividend payout ratio is currently 31.75%.
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.
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