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

Centerra Gold Inc. (NYSE:CGAU - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $12.00.

A number of equities research analysts recently commented on CGAU shares. National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a report on Wednesday, April 23rd. Cormark downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. Desjardins downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. CIBC reiterated a "neutral" rating on shares of Centerra Gold in a report on Thursday, March 20th. Finally, Raymond James restated an "outperform" rating on shares of Centerra Gold in a report on Friday, April 4th.

Centerra Gold Stock Up 2.0%

CGAU stock opened at $6.73 on Wednesday. The company has a market cap of $1.41 billion, a P/E ratio of 18.69 and a beta of 0.80. Centerra Gold has a twelve month low of $5.41 and a twelve month high of $7.82. The business has a fifty day moving average of $6.46 and a 200-day moving average of $6.18.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. The business had revenue of $299.50 million during the quarter, compared to the consensus estimate of $288.25 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. As a group, equities research analysts anticipate that Centerra Gold will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a $0.07 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $0.28 annualized dividend and a dividend yield of 4.16%. Centerra Gold's dividend payout ratio (DPR) is currently 100.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CGAU. Pinnacle Holdings LLC acquired a new position in shares of Centerra Gold during the first quarter worth about $39,000. Vise Technologies Inc. acquired a new position in shares of Centerra Gold during the fourth quarter worth about $58,000. SG Americas Securities LLC acquired a new position in shares of Centerra Gold during the fourth quarter worth about $59,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Centerra Gold during the fourth quarter worth about $60,000. Finally, Susquehanna Advisors Group Inc. acquired a new position in shares of Centerra Gold during the fourth quarter worth about $61,000. 55.40% of the stock is owned by institutional investors and hedge funds.

About Centerra Gold

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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