Brokerages Set Centerra Gold Inc. (NYSE:CGAU) PT at $11.00

Centerra Gold Inc. (NYSE:CGAU - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $11.00.

Several brokerages recently commented on CGAU. CIBC reaffirmed a "neutral" rating on shares of Centerra Gold in a research report on Thursday, March 20th. Scotiabank reaffirmed an "outperform" rating on shares of Centerra Gold in a research report on Monday, April 14th. National Bank Financial raised Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Centerra Gold in a research note on Friday, April 4th.

Centerra Gold Stock Performance

Shares of CGAU traded up $0.07 during mid-day trading on Thursday, hitting $7.25. The company's stock had a trading volume of 341,178 shares, compared to its average volume of 900,993. Centerra Gold has a one year low of $5.41 and a one year high of $7.82. The firm has a market capitalization of $1.50 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 0.39 and a beta of 0.81. The stock's 50-day moving average is $7.08 and its two-hundred day moving average is $6.48.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $299.50 million during the quarter, compared to analysts' expectations of $288.25 million. Centerra Gold had a return on equity of 8.71% and a net margin of 3.68%. Analysts expect that Centerra Gold will post 0.59 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were paid a $0.07 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.86%. Centerra Gold's dividend payout ratio (DPR) is presently 105.26%.

Institutional Trading of Centerra Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in CGAU. Pinnacle Holdings LLC acquired a new position in shares of Centerra Gold during the 1st quarter worth about $39,000. Vise Technologies Inc. bought a new stake in shares of Centerra Gold during the 4th quarter valued at $58,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Centerra Gold during the 4th quarter valued at $60,000. Susquehanna Advisors Group Inc. bought a new stake in shares of Centerra Gold during the 4th quarter worth $61,000. Finally, OMERS ADMINISTRATION Corp bought a new position in Centerra Gold in the fourth quarter valued at about $79,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

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.