Centerra Gold Inc. (NYSE:CGAU) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Centerra Gold Inc. (NYSE:CGAU) has been given a consensus rating of "Moderate Buy" by ten analysts, with an average price target of $12.83.
• Institutional investors own 55.40% of Centerra Gold's stock, indicating significant interest from larger financial entities.
• The company recently announced a quarterly dividend of $0.07, yielding 2.9%, reflecting a payout ratio of 60.61%.

Shares of Centerra Gold Inc. (NYSE:CGAU - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $12.8333.

CGAU has been the subject of several research reports. BMO Capital Markets restated a "market perform" rating on shares of Centerra Gold in a research report on Monday, September 15th. Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. National Bankshares reaffirmed an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, June 24th. CIBC reissued an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada cut shares of Centerra Gold from an "outperform" rating to a "sector perform" rating and raised their price target for the stock from $13.00 to $14.00 in a research note on Wednesday, September 10th.

Institutional Investors Weigh In On Centerra Gold

Several hedge funds have recently made changes to their positions in CGAU. Farther Finance Advisors LLC purchased a new stake in shares of Centerra Gold in the second quarter valued at $27,000. Osaic Holdings Inc. grew its holdings in Centerra Gold by 63.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,758 shares of the company's stock valued at $34,000 after buying an additional 1,839 shares during the period. Pinnacle Holdings LLC acquired a new position in shares of Centerra Gold during the 1st quarter valued at about $39,000. Vise Technologies Inc. acquired a new position in shares of Centerra Gold during the 4th quarter valued at about $58,000. Finally, Carrera Capital Advisors purchased a new position in shares of Centerra Gold during the 2nd quarter worth about $81,000. Institutional investors and hedge funds own 55.40% of the company's stock.

Centerra Gold Stock Up 1.3%

Shares of CGAU stock opened at $9.67 on Tuesday. The stock has a market cap of $1.96 billion, a P/E ratio of 29.29, a P/E/G ratio of 2.60 and a beta of 0.81. Centerra Gold has a fifty-two week low of $5.41 and a fifty-two week high of $9.82. The business has a fifty day simple moving average of $7.84 and a 200-day simple moving average of $7.12.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.08. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. The firm had revenue of $288.30 million for the quarter, compared to analysts' expectations of $319.42 million. On average, sell-side analysts anticipate that Centerra Gold will post 0.59 earnings per share for the current year.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, August 21st. Centerra Gold's payout ratio is presently 60.61%.

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.

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