Centerra Gold (NYSE:CGAU) Lowered to Buy Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Centerra Gold from "strong-buy" to "buy"; the stock's consensus rating is a Moderate Buy (six Buys, three Holds) with a consensus target of $16.67.
• Centerra posted a quarterly EPS beat of $0.41 vs. $0.34 and revenue of $401.6M vs. $355.4M, with a strong net margin of 42.18% while trading at a P/E of 6.68 and a market cap of $3.79B.
• Shares traded around $18.97 (one‑year range $6.30–$21.17) and the company is advancing the Greenstone project, expected to be a major future gold mine in Canada.

Centerra Gold (NYSE:CGAU - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday.

Several other research analysts also recently commented on the stock. Zacks Research downgraded shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 24th. Scotiabank raised their price target on shares of Centerra Gold from $19.00 to $21.00 and gave the company a "sector outperform" rating in a report on Wednesday. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Centerra Gold in a report on Wednesday, February 4th. BMO Capital Markets raised shares of Centerra Gold from a "hold" rating to an "outperform" rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Centerra Gold in a report on Friday, March 27th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Centerra Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.67.

Centerra Gold Stock Up 1.7%

Shares of NYSE:CGAU opened at $18.97 on Friday. The firm has a fifty day moving average price of $18.56 and a two-hundred day moving average price of $15.69. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.39 and a quick ratio of 1.65. Centerra Gold has a one year low of $6.30 and a one year high of $21.17. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 1.17 and a beta of 0.90.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Centerra Gold had a net margin of 42.18% and a return on equity of 12.42%. The firm had revenue of $401.60 million during the quarter, compared to the consensus estimate of $355.39 million. Analysts anticipate that Centerra Gold will post 1.72 EPS for the current fiscal year.

Institutional Trading of Centerra Gold

Hedge funds have recently made changes to their positions in the stock. Burkett Financial Services LLC bought a new stake in shares of Centerra Gold during the 3rd quarter worth $30,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Centerra Gold by 1,106.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company's stock worth $33,000 after acquiring an additional 2,733 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of 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 acquiring an additional 1,839 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Centerra Gold during the 4th quarter worth $36,000. Finally, Leonteq Securities AG bought a new stake in shares of Centerra Gold during the 4th quarter worth $72,000. 55.40% of the stock is owned by institutional investors.

About Centerra Gold

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra's portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada's largest gold mines.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.