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

Centerra Gold Inc. (NYSE:CGAU - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are currently covering the firm, MarketBeat reports. Three 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 1-year price objective among brokers that have updated their coverage on the stock in the last year is $11.00.

A number of research firms have recently issued reports on CGAU. CIBC restated a "neutral" rating on shares of Centerra Gold in a research report on Thursday, March 20th. National Bank Financial raised shares of Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. Cibc World Mkts raised shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. National Bankshares reaffirmed an "outperform" rating on shares of Centerra Gold in a report on Tuesday, June 24th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Centerra Gold in a report on Monday, April 14th.

Centerra Gold Stock Performance

Centerra Gold stock opened at $7.14 on Thursday. The firm's 50-day moving average is $7.07 and its 200-day moving average is $6.47. Centerra Gold has a 1 year low of $5.41 and a 1 year high of $7.82. The company has a market cap of $1.47 billion, a P/E ratio of 37.58, a PEG ratio of 0.38 and a beta of 0.81.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.12. Centerra Gold had a net margin of 3.68% and a return on equity of 8.71%. The company had revenue of $299.50 million for the quarter, compared to the consensus estimate of $288.25 million. As a group, sell-side analysts predict that Centerra Gold will post 0.59 earnings per share for the current year.

Centerra Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.28 annualized dividend and a yield of 3.92%. Centerra Gold's payout ratio is 105.26%.

Hedge Funds Weigh In On Centerra Gold

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new position in Centerra Gold during the 4th quarter valued at about $396,000. Raymond James Financial Inc. acquired a new position in Centerra Gold during the 4th quarter valued at about $268,000. American Century Companies Inc. increased its stake in Centerra Gold by 34.1% during the 4th quarter. American Century Companies Inc. now owns 3,291,860 shares of the company's stock valued at $18,733,000 after buying an additional 836,777 shares during the period. Deutsche Bank AG increased its stake in Centerra Gold by 91.5% during the 4th quarter. Deutsche Bank AG now owns 23,218 shares of the company's stock valued at $132,000 after buying an additional 11,093 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in Centerra Gold by 3.1% during the 4th quarter. Nuveen Asset Management LLC now owns 1,890,136 shares of the company's stock valued at $10,750,000 after buying an additional 57,609 shares during the period. Institutional investors and hedge funds 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.

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