Centerra Gold Inc. (NYSE:CGAU) Given Consensus Recommendation of “Hold” by Analysts

Shares of Centerra Gold Inc. (NYSE:CGAU) have earned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $10.13.

CGAU has been the topic of a number of recent analyst reports. TheStreet raised shares of Centerra Gold from a “c” rating to a “b-” rating in a research report on Friday, May 28th. Bank of America lowered shares of Centerra Gold from a “buy” rating to a “neutral” rating in a research report on Monday, May 10th. Raymond James raised their price target on shares of Centerra Gold from C$10.50 to C$11.00 and gave the company a “market perform” rating in a research report on Wednesday. TD Securities lowered their price objective on shares of Centerra Gold from $15.50 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, May 12th. Finally, CIBC lowered their price objective on shares of Centerra Gold from C$10.00 to C$9.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 19th.

Shares of NYSE CGAU traded down $0.10 during mid-day trading on Friday, reaching $8.27. 4,340 shares of the company’s stock traded hands, compared to its average volume of 64,056. Centerra Gold has a 1-year low of $6.75 and a 1-year high of $14.66.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data on Monday, May 10th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Centerra Gold had a net margin of 32.48% and a return on equity of 19.67%. As a group, research analysts anticipate that Centerra Gold will post 0.89 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 10th. Shareholders of record on Thursday, May 27th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Wednesday, May 26th.

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, Asia, and internationally. Its flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; the Mount Milligan gold-copper mine located in British Columbia, Canada; and the Ã-ksüt Gold Mine located in Turkey.

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Analyst Recommendations for Centerra Gold (NYSE:CGAU)

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