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

Shares of Centerra Gold Inc. (NYSE:CGAU - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $12.00.

A number of equities analysts have weighed in on CGAU shares. CIBC reiterated a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a research note on Wednesday, April 23rd. Raymond James Financial reiterated an "outperform" rating on shares of Centerra Gold in a research note on Friday, April 4th. Cormark lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, National Bank Financial upgraded Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st.

Hedge Funds Weigh In On Centerra Gold

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its holdings in Centerra Gold by 57.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company's stock worth $84,739,000 after buying an additional 4,853,494 shares during the last quarter. Donald Smith & CO. Inc. boosted its holdings in Centerra Gold by 30.1% in the 4th quarter. Donald Smith & CO. Inc. now owns 8,723,060 shares of the company's stock worth $49,634,000 after buying an additional 2,017,756 shares during the last quarter. Royal Bank of Canada boosted its holdings in Centerra Gold by 9.2% in the 1st quarter. Royal Bank of Canada now owns 8,684,513 shares of the company's stock worth $55,146,000 after buying an additional 734,104 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Centerra Gold by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,310,457 shares of the company's stock worth $52,722,000 after buying an additional 55,839 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Centerra Gold by 24.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,808,773 shares of the company's stock worth $33,028,000 after buying an additional 1,126,825 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.

Centerra Gold Trading Down 0.2%

Shares of NYSE CGAU traded down $0.02 during trading on Friday, reaching $7.09. 1,305,594 shares of the company traded hands, compared to its average volume of 902,254. The firm's fifty day simple moving average is $6.92 and its 200 day simple moving average is $6.33. The stock has a market cap of $1.46 billion, a P/E ratio of 37.29, a PEG ratio of 0.31 and a beta of 0.82. 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 for the quarter, meeting analysts' consensus estimates of $0.12. The business had revenue of $299.50 million during the quarter, compared to analyst estimates of $288.25 million. Centerra Gold had a return on equity of 8.71% and a net margin of 3.68%. As a group, research analysts expect that Centerra Gold will post 0.59 EPS for the current year.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.28 annualized dividend and a dividend yield of 3.95%. Centerra Gold's dividend payout ratio is presently 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.