Brokerages Set Centerra Gold Inc. (NYSE:CGAU) PT at $13.00

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%.

Shares of Centerra Gold Inc. (NYSE:CGAU - Get Free Report) have been given an average rating of "Buy" by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $13.00.

A number of analysts have recently weighed in on the stock. National Bankshares reaffirmed an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, June 24th. Cibc World Mkts raised shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Scotiabank reaffirmed an "outperform" rating on shares of Centerra Gold in a research note on Monday, April 14th. Finally, CIBC reaffirmed an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, July 15th.

Centerra Gold Stock Up 0.2%

NYSE CGAU traded up $0.02 on Monday, hitting $7.48. The stock had a trading volume of 1,238,670 shares, compared to its average volume of 905,569. Centerra Gold has a one year low of $5.41 and a one year high of $7.82. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 39.35, a P/E/G ratio of 0.48 and a beta of 0.80. The company's 50-day moving average is $7.24 and its two-hundred day moving average is $6.67.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.17 by $0.08. Centerra Gold had a net margin of 3.68% and a return on equity of 8.71%. The firm had revenue of $288.30 million during the quarter, compared to analysts' expectations of $319.42 million. On average, sell-side analysts anticipate 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 will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.7%. Centerra Gold's dividend payout ratio is currently 105.26%.

Institutional Investors Weigh In On Centerra Gold

Several hedge funds have recently made changes to their positions in CGAU. Goldman Sachs Group Inc. increased its stake 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 valued at $84,739,000 after buying an additional 4,853,494 shares during the period. Nuveen LLC acquired a new position in Centerra Gold in the 1st quarter valued at approximately $14,634,000. Acadian Asset Management LLC increased its stake in Centerra Gold by 26.2% in the 2nd quarter. Acadian Asset Management LLC now owns 8,494,055 shares of the company's stock valued at $61,027,000 after buying an additional 1,761,904 shares during the period. Pale Fire Capital SE increased its stake in Centerra Gold by 52.6% in the 1st quarter. Pale Fire Capital SE now owns 3,467,298 shares of the company's stock valued at $22,017,000 after buying an additional 1,194,500 shares during the period. Finally, Man Group plc increased its stake in Centerra Gold by 43.2% in the 4th quarter. Man Group plc now owns 3,038,739 shares of the company's stock valued at $17,283,000 after buying an additional 916,255 shares during the period. 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.