Centerra Gold (NYSE:CGAU - Get Free Report) was downgraded by stock analysts at Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a $14.00 target price on the stock, up from their prior target price of $13.00. Royal Bank Of Canada's price target would suggest a potential upside of 51.17% from the stock's previous close.
CGAU has been the subject of several other reports. 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. National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a report on Tuesday, June 24th. CIBC reiterated an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, July 15th. BMO Capital Markets lowered shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a report on Friday, August 8th. Finally, Wall Street Zen upgraded Centerra Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $13.33.
Get Our Latest Report on CGAU
Centerra Gold Trading Up 0.1%
Shares of NYSE:CGAU traded up $0.01 during mid-day trading on Wednesday, reaching $9.26. The stock had a trading volume of 1,018,105 shares, compared to its average volume of 1,028,178. The business's 50 day moving average price is $7.59 and its 200 day moving average price is $6.97. Centerra Gold has a 1 year low of $5.41 and a 1 year high of $9.43. The company has a market cap of $1.87 billion, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 0.70 and a beta of 0.81.
Centerra Gold (NYSE:CGAU - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.08. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. The firm had revenue of $288.30 million for the quarter, compared to the consensus estimate of $319.42 million. Analysts predict that Centerra Gold will post 0.59 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Centerra Gold
Several hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in shares of Centerra Gold in the second quarter worth $27,000. Osaic Holdings Inc. grew its position in Centerra Gold by 63.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,758 shares of the company's stock worth $34,000 after purchasing an additional 1,839 shares during the period. Pinnacle Holdings LLC acquired a new position in shares of Centerra Gold in the 1st quarter valued at about $39,000. Vise Technologies Inc. purchased a new stake in shares of Centerra Gold in the fourth quarter worth about $58,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Centerra Gold during the fourth quarter worth about $79,000. 55.40% of the stock is owned by institutional investors and hedge funds.
About Centerra Gold
(
Get Free Report)
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.
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