Centerra Gold Inc. (NYSE:CGAU) Receives $11.00 Consensus PT from Analysts

Shares of Centerra Gold Inc. (NYSE:CGAU) have received an average rating of “Moderate Buy” from the four analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $11.00.

Separately, Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st.

Centerra Gold Price Performance

Shares of NYSE CGAU opened at $5.67 on Friday. The business has a 50-day moving average of $6.24 and a 200-day moving average of $6.67. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 11.81 and a beta of 0.89. Centerra Gold has a fifty-two week low of $4.47 and a fifty-two week high of $7.82.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $323.93 million for the quarter. Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. During the same quarter last year, the business earned $0.20 earnings per share. On average, sell-side analysts expect that Centerra Gold will post 0.79 EPS for the current year.

Centerra Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a yield of 3.67%. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, November 13th. Centerra Gold’s payout ratio is 41.67%.

Hedge Funds Weigh In On Centerra Gold

Several large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in Centerra Gold in the 2nd quarter valued at about $6,772,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Centerra Gold in the second quarter valued at approximately $154,000. CIBC Asset Management Inc increased its stake in shares of Centerra Gold by 7.4% during the second quarter. CIBC Asset Management Inc now owns 267,307 shares of the company’s stock worth $1,796,000 after purchasing an additional 18,359 shares during the period. CM Management LLC increased its stake in shares of Centerra Gold by 20.0% during the second quarter. CM Management LLC now owns 300,000 shares of the company’s stock worth $2,016,000 after purchasing an additional 50,000 shares during the period. Finally, TD Asset Management Inc lifted its holdings in Centerra Gold by 0.7% during the 2nd quarter. TD Asset Management Inc now owns 587,062 shares of the company’s stock worth $3,947,000 after purchasing an additional 4,356 shares during the last quarter. 55.40% of the stock is owned by institutional investors.

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, 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.