Centerra Gold Inc. (NYSE:CGAU - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as $6.71 and last traded at $6.69, with a volume of 441687 shares traded. The stock had previously closed at $6.60.
Analyst Upgrades and Downgrades
CGAU has been the topic of several research analyst reports. National Bank Financial raised Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Desjardins downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 13th. Raymond James reiterated an "outperform" rating on shares of Centerra Gold in a research report on Friday, April 4th. National Bankshares restated an "outperform" rating on shares of Centerra Gold in a research report on Wednesday, April 23rd. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Centerra Gold in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $12.00.
Check Out Our Latest Analysis on CGAU
Centerra Gold Stock Down 0.3 %
The stock has a market cap of $1.34 billion, a P/E ratio of 17.72 and a beta of 0.81. The company's 50 day moving average price is $6.21 and its 200-day moving average price is $6.22.
Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The company had revenue of $302.40 million during the quarter, compared to analyst estimates of $316.92 million. Equities research analysts anticipate that Centerra Gold Inc. will post 0.59 earnings per share for the current year.
Centerra Gold Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a yield of 4.39%. This is a boost from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's dividend payout ratio is 52.78%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. increased its holdings in Centerra Gold by 30.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 8,723,060 shares of the company's stock worth $49,634,000 after purchasing an additional 2,017,756 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Centerra Gold by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 8,254,618 shares of the company's stock valued at $46,977,000 after acquiring an additional 76,544 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Centerra Gold by 7.2% during the 4th quarter. Royal Bank of Canada now owns 7,950,409 shares of the company's stock valued at $45,238,000 after acquiring an additional 530,601 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Centerra Gold by 24.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,808,773 shares of the company's stock worth $33,028,000 after acquiring an additional 1,126,825 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Centerra Gold by 34.1% in the fourth quarter. American Century Companies Inc. now owns 3,291,860 shares of the company's stock worth $18,733,000 after purchasing an additional 836,777 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.
Centerra Gold Company Profile
(
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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