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

Shares of Centerra Gold Inc. (NYSE:CGAU - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $11.00.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new stake in shares of Centerra Gold in the second quarter valued at approximately $27,000. Pinnacle Holdings LLC purchased a new position in Centerra Gold during the first quarter worth approximately $39,000. Vise Technologies Inc. purchased a new position in Centerra Gold during the fourth quarter worth approximately $58,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Centerra Gold in the 4th quarter valued at $60,000. Finally, Susquehanna Advisors Group Inc. purchased a new position in shares of Centerra Gold in the 4th quarter valued at $61,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

Centerra Gold Trading Up 1.7%

Centerra Gold stock traded up $0.12 during mid-day trading on Thursday, hitting $7.30. The company had a trading volume of 904,117 shares, compared to its average volume of 920,122. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 38.42, a P/E/G ratio of 0.40 and a beta of 0.81. Centerra Gold has a 12-month low of $5.41 and a 12-month high of $7.82. The company's fifty day moving average is $7.10 and its 200-day moving average is $6.50.

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

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.28 annualized dividend and a yield of 3.84%. Centerra Gold's dividend payout ratio is currently 105.26%.

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.