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

Shares of Centerra Gold Inc. (NYSE:CGAU - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eleven analysts that are covering the company, MarketBeat Ratings reports. Six 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 12 month target price among analysts that have covered the stock in the last year is $12.8333.

A number of research analysts have weighed in on CGAU shares. Royal Bank Of Canada cut shares of Centerra Gold from an "outperform" rating to a "sector perform" rating and lifted their price objective for the company from $13.00 to $14.00 in a report on Wednesday, September 10th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Centerra Gold in a report on Monday, September 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Centerra Gold in a report on Wednesday, October 8th. National Bankshares reaffirmed an "outperform" rating on shares of Centerra Gold in a report on Tuesday, June 24th. Finally, CIBC reiterated an "outperform" rating on shares of Centerra Gold in a research report on Tuesday, July 15th.

Centerra Gold Stock Performance

CGAU opened at $11.83 on Friday. Centerra Gold has a fifty-two week low of $5.41 and a fifty-two week high of $12.80. The company has a fifty day moving average of $9.35 and a two-hundred day moving average of $7.78. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 1.68 and a beta of 0.88.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.08. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. The company had revenue of $288.30 million during the quarter, compared to analysts' expectations of $319.42 million. On average, equities research analysts forecast 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, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.4%. Centerra Gold's payout ratio is currently 60.61%.

Institutional Trading of Centerra Gold

A number of institutional investors and hedge funds have recently modified their holdings of CGAU. Goldman Sachs Group Inc. increased its stake in shares of Centerra Gold by 57.2% during the first quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company's stock worth $84,739,000 after purchasing an additional 4,853,494 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Centerra Gold during the first quarter worth about $14,634,000. Acadian Asset Management LLC increased its stake in shares of Centerra Gold by 26.2% during the second quarter. Acadian Asset Management LLC now owns 8,494,055 shares of the company's stock worth $61,027,000 after purchasing an additional 1,761,904 shares in the last quarter. Waratah Capital Advisors Ltd. boosted its position in Centerra Gold by 29.9% during the second quarter. Waratah Capital Advisors Ltd. now owns 6,678,897 shares of the company's stock worth $48,155,000 after acquiring an additional 1,537,692 shares during the last quarter. Finally, Pale Fire Capital SE boosted its position in Centerra Gold by 52.6% during the first quarter. Pale Fire Capital SE now owns 3,467,298 shares of the company's stock worth $22,017,000 after acquiring an additional 1,194,500 shares during the last quarter. Hedge funds and other institutional investors 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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