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

Shares of Centerra Gold Inc. (NYSE:CGAU - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.00.

CGAU has been the topic of several research analyst reports. Raymond James reaffirmed an "outperform" rating on shares of Centerra Gold in a research report on Friday, April 4th. Cibc World Mkts raised Centerra Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. National Bank Financial raised Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. CIBC reaffirmed a "neutral" rating on shares of Centerra Gold in a research report on Thursday, March 20th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Centerra Gold in a research report on Monday, April 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CGAU. Pinnacle Holdings LLC acquired a new position in shares of Centerra Gold in the first quarter valued at approximately $39,000. Vise Technologies Inc. acquired a new position in shares of Centerra Gold in the fourth quarter valued at approximately $58,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Centerra Gold in the fourth quarter valued at approximately $60,000. Susquehanna Advisors Group Inc. purchased a new stake in shares of Centerra Gold in the fourth quarter valued at approximately $61,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Centerra Gold in the fourth quarter valued at approximately $79,000. Institutional investors and hedge funds own 55.40% of the company's stock.

Centerra Gold Stock Performance

Shares of NYSE CGAU opened at $7.26 on Friday. Centerra Gold has a fifty-two week low of $5.41 and a fifty-two week high of $7.82. The firm has a market capitalization of $1.50 billion, a PE ratio of 20.17 and a beta of 0.82. The stock's 50-day simple moving average is $6.85 and its 200-day simple moving average is $6.31.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The business had revenue of $299.50 million for the quarter, compared to analyst estimates of $288.25 million. On average, sell-side analysts forecast that Centerra Gold will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend was Thursday, May 22nd. Centerra Gold's payout ratio is currently 105.26%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.