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

Key Points

• "Moderate Buy" consensus from nine analysts (six buys, three holds) with an average 12‑month price target of $16.00.
• Quarterly beat: Centerra reported $0.41 EPS vs. $0.34 expected and $401.6M revenue, and the stock trades around $19.46 with a P/E of 6.85 and a 52‑week range of $6.30–$21.17.
• Significant institutional buying: Mackenzie Financial increased its stake by 677.1% to 1,264,565 shares (~$18.3M), and hedge funds/institutions now own about 55.40% of the company.

Centerra Gold Inc. (NYSE:CGAU - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $16.00.

CGAU has been the subject of several research analyst reports. BMO Capital Markets upgraded Centerra Gold from a "hold" rating to an "outperform" rating in a research report on Tuesday, January 20th. Scotiabank raised their price target on Centerra Gold from $13.50 to $19.00 and gave the stock an "outperform" rating in a research report on Monday, January 26th. Zacks Research lowered Centerra Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 24th. Wall Street Zen upgraded Centerra Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 28th. Finally, Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Centerra Gold in a research report on Wednesday, February 4th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in Centerra Gold in the fourth quarter valued at $312,000. Mackenzie Financial Corp increased its holdings in Centerra Gold by 677.1% during the 4th quarter. Mackenzie Financial Corp now owns 1,264,565 shares of the company's stock worth $18,300,000 after purchasing an additional 1,101,830 shares during the period. XTX Topco Ltd increased its holdings in Centerra Gold by 291.8% during the 4th quarter. XTX Topco Ltd now owns 77,301 shares of the company's stock worth $1,111,000 after purchasing an additional 57,569 shares during the period. Voloridge Investment Management LLC purchased a new stake in Centerra Gold during the 4th quarter worth about $939,000. Finally, Numerai GP LLC increased its holdings in Centerra Gold by 133.2% during the 4th quarter. Numerai GP LLC now owns 23,496 shares of the company's stock worth $338,000 after purchasing an additional 13,421 shares during the period. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Centerra Gold Trading Up 1.3%

Shares of Centerra Gold stock opened at $19.46 on Friday. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 1.20 and a beta of 0.90. Centerra Gold has a fifty-two week low of $6.30 and a fifty-two week high of $21.17. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.65 and a current ratio of 2.39. The stock has a 50 day moving average of $18.30 and a 200 day moving average of $15.09.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Centerra Gold had a return on equity of 12.42% and a net margin of 42.18%.The company had revenue of $401.60 million during the quarter, compared to analyst estimates of $355.39 million. As a group, research analysts predict that Centerra Gold will post 0.59 earnings per share for the current year.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Thursday, March 12th. Centerra Gold's dividend payout ratio (DPR) is currently 7.39%.

Centerra Gold Company Profile

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra's portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada's largest gold mines.

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