Shares of Centerra Gold Inc. (NYSE:CGAU - Get Free Report) fell 6% during mid-day trading on Friday . The stock traded as low as $7.11 and last traded at $7.10. 331,608 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 886,257 shares. The stock had previously closed at $7.55.
Analyst Ratings Changes
Several brokerages have recently issued reports on CGAU. National Bank Financial raised Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. Cormark cut Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. Raymond James reaffirmed an "outperform" rating on shares of Centerra Gold in a report on Friday, April 4th. Desjardins cut Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. Finally, Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Centerra Gold currently has an average rating of "Moderate Buy" and a consensus target price of $12.00.
View Our Latest Research Report on Centerra Gold
Centerra Gold Trading Down 6.0%
The firm has a 50-day simple moving average of $6.72 and a two-hundred day simple moving average of $6.27. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 19.72 and a beta of 0.82.
Centerra Gold (NYSE:CGAU - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. The firm had revenue of $299.50 million for the quarter, compared to analysts' expectations of $288.25 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. Equities research analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current year.
Centerra Gold Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Thursday, May 22nd. Centerra Gold's payout ratio is presently 105.26%.
Institutional Trading of Centerra Gold
Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in shares of Centerra Gold by 57.2% in the first quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company's stock worth $84,739,000 after acquiring an additional 4,853,494 shares in the last quarter. Nuveen LLC acquired a new position in shares of Centerra Gold in the first quarter worth $14,634,000. Donald Smith & CO. Inc. grew its stake in shares of 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 acquiring an additional 2,017,756 shares in the last quarter. Amundi grew its stake in shares of Centerra Gold by 168.6% during the fourth quarter. Amundi now owns 2,628,623 shares of the company's stock worth $15,377,000 after purchasing an additional 1,650,160 shares in the last quarter. Finally, Pale Fire Capital SE grew its stake in shares of Centerra Gold by 52.6% during the first quarter. Pale Fire Capital SE now owns 3,467,298 shares of the company's stock worth $22,017,000 after purchasing an additional 1,194,500 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.
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.
Featured Stories
Before you consider Centerra Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Centerra Gold wasn't on the list.
While Centerra Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
