Analysts Set Centerra Gold Inc. (NYSE:CGAU) PT at $12.00

Shares of Centerra Gold Inc. (NYSE:CGAU - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $12.00.

Several equities research analysts have recently issued reports on CGAU shares. Raymond James reaffirmed an "outperform" rating on shares of Centerra Gold in a research report on Friday, April 4th. CIBC restated a "neutral" rating on shares of Centerra Gold in a report on Thursday, March 20th. National Bank Financial upgraded shares of Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. National Bankshares restated an "outperform" rating on shares of Centerra Gold in a report on Wednesday, April 23rd. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Centerra Gold in a research report on Monday, April 14th.

Centerra Gold Trading Down 4.3 %

Shares of CGAU traded down $0.29 during trading hours on Friday, reaching $6.42. 187,931 shares of the company traded hands, compared to its average volume of 848,154. Centerra Gold has a 12-month low of $5.41 and a 12-month high of $7.82. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 17.79 and a beta of 0.81. The stock's fifty day moving average price is $6.20 and its 200 day moving average price is $6.23.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The company had revenue of $302.40 million during the quarter, compared to analyst estimates of $316.92 million. On average, research analysts forecast that Centerra Gold will post 0.59 earnings per share for the current year.

Centerra Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.36%. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, March 13th. Centerra Gold's dividend payout ratio (DPR) is currently 52.78%.

Hedge Funds Weigh In On Centerra Gold

Several hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of Centerra Gold by 43.0% during the 1st quarter. Bank of New York Mellon Corp now owns 20,183 shares of the company's stock worth $128,000 after buying an additional 6,071 shares during the last quarter. U S Global Investors Inc. grew its position in shares of Centerra Gold by 18.5% during the 1st quarter. U S Global Investors Inc. now owns 764,286 shares of the company's stock worth $4,849,000 after purchasing an additional 119,565 shares in the last quarter. Ritholtz Wealth Management raised its holdings in Centerra Gold by 16.3% in the 1st quarter. Ritholtz Wealth Management now owns 112,869 shares of the company's stock valued at $717,000 after acquiring an additional 15,844 shares in the last quarter. PKO Investment Management Joint Stock Co acquired a new position in shares of Centerra Gold during the 4th quarter worth $825,000. Finally, Integrated Advisors Network LLC raised its position in shares of Centerra Gold by 35.9% during the fourth quarter. Integrated Advisors Network LLC now owns 69,600 shares of the company's stock worth $396,000 after acquiring an additional 18,400 shares during the last quarter. Institutional investors own 55.40% of the company's stock.

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.