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

Key Points

• Centerra Gold Inc. has received a consensus rating of "Buy" from eight analysts, with a target price of $13.00 reflecting growth potential.
• The company's stock has recently risen by 1.8%, with a current trading price of $6.92 and a market cap of $1.41 billion.
• Centerra Gold announced a quarterly dividend of $0.07 per share, resulting in an annualized yield of 4.0%, although its payout ratio stands at 105.26%.

Centerra Gold Inc. (NYSE:CGAU - Get Free Report) has been given a consensus rating of "Buy" by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $13.00.

CGAU has been the topic of a number of research analyst reports. Scotiabank restated an "outperform" rating on shares of Centerra Gold in a report on Monday, April 14th. Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. CIBC reissued an "outperform" rating on shares of Centerra Gold in a research report on Tuesday, July 15th. Finally, National Bankshares restated an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, June 24th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CGAU. BNP Paribas Financial Markets purchased a new stake in Centerra Gold in the 4th quarter worth $396,000. Raymond James Financial Inc. purchased a new stake in Centerra Gold in the 4th quarter valued at $268,000. Deutsche Bank AG increased its stake in shares of Centerra Gold by 91.5% in the 4th quarter. Deutsche Bank AG now owns 23,218 shares of the company's stock worth $132,000 after acquiring an additional 11,093 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Centerra Gold by 3.1% during the 4th quarter. Nuveen Asset Management LLC now owns 1,890,136 shares of the company's stock valued at $10,750,000 after buying an additional 57,609 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Centerra Gold by 15.6% in the fourth quarter. Geode Capital Management LLC now owns 525,967 shares of the company's stock valued at $2,993,000 after acquiring an additional 71,028 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.

Centerra Gold Stock Performance

Centerra Gold stock traded up $0.11 during mid-day trading on Monday, reaching $7.30. The company's stock had a trading volume of 1,519,206 shares, compared to its average volume of 852,648. The company has a market capitalization of $1.49 billion, a P/E ratio of 38.42, a PEG ratio of 0.33 and a beta of 0.80. The firm's fifty day moving average price is $7.23 and its two-hundred day moving average price is $6.66. 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 announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. Centerra Gold had a return on equity of 8.71% and a net margin of 3.68%. The firm had revenue of $299.50 million for the quarter, compared to analysts' expectations of $288.25 million. On average, research analysts predict that Centerra Gold will post 0.59 EPS for the current fiscal year.

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.