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

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

Several research analysts have issued reports on the company. Raymond James reiterated an "outperform" rating on shares of Centerra Gold in a report on Friday, April 4th. National Bank Financial raised shares of Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. Cormark lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Scotiabank reaffirmed an "outperform" rating on shares of Centerra Gold in a research note on Monday, April 14th. Finally, National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a report on Wednesday, April 23rd.

Centerra Gold Trading Up 2.7%

NYSE CGAU traded up $0.19 on Wednesday, hitting $6.96. 1,001,271 shares of the company were exchanged, compared to its average volume of 889,286. The company has a market cap of $1.46 billion, a PE ratio of 19.32 and a beta of 0.80. The stock has a fifty day moving average of $6.53 and a 200-day moving average of $6.19. Centerra Gold has a 12 month low of $5.41 and a 12 month high of $7.82.

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

Centerra Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.28 annualized dividend and a yield of 4.03%. Centerra Gold's dividend payout ratio (DPR) is currently 100.00%.

Institutional Investors Weigh In On Centerra Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in Centerra Gold by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 385,199 shares of the company's stock valued at $2,758,000 after buying an additional 33,420 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Centerra Gold by 285.2% in the fourth quarter. Ritholtz Wealth Management now owns 97,025 shares of the company's stock valued at $552,000 after acquiring an additional 71,835 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Centerra Gold in the fourth quarter valued at approximately $59,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Centerra Gold during the fourth quarter valued at approximately $80,000. Finally, Entropy Technologies LP purchased a new stake in shares of Centerra Gold during the fourth quarter valued at approximately $177,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

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.