Centerra Gold Inc. (NYSE:CGAU) Receives $12.00 Average PT from Analysts

Shares of Centerra Gold Inc. (NYSE:CGAU) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.00.

Several research firms have commented on CGAU. Desjardins downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Cormark downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. CIBC reaffirmed a “neutral” rating on shares of Centerra Gold in a report on Thursday, March 20th. National Bankshares reiterated an “outperform” rating on shares of Centerra Gold in a research note on Wednesday, April 23rd. Finally, Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a research report on Monday, April 14th.

Centerra Gold Price Performance

Shares of Centerra Gold stock opened at $6.38 on Friday. Centerra Gold has a 1 year low of $5.41 and a 1 year high of $7.82. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 17.72 and a beta of 0.81. The company has a 50-day moving average of $6.21 and a 200 day moving average of $6.22.

Centerra Gold (NYSE:CGAU) last announced its earnings results on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The business had revenue of $302.40 million for the quarter, compared to the consensus estimate of $316.92 million. On average, equities analysts anticipate that Centerra Gold will post 0.59 EPS for the current year.

Centerra Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.39%. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, March 13th. Centerra Gold’s payout ratio is presently 52.78%.

Institutional Trading of Centerra Gold

Several hedge funds have recently bought and sold shares of the stock. Vise Technologies Inc. purchased a new position in shares of Centerra Gold during the 4th quarter valued at about $58,000. SG Americas Securities LLC purchased a new position in Centerra Gold during the fourth quarter valued at approximately $59,000. Massachusetts Financial Services Co. MA bought a new position in shares of Centerra Gold in the fourth quarter worth approximately $60,000. Susquehanna Advisors Group Inc. bought a new position in shares of Centerra Gold in the fourth quarter worth approximately $61,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Centerra Gold in the fourth quarter worth $79,000. Institutional investors own 55.40% of the company’s stock.

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.