Centerra Gold (NYSE:CGAU) Shares Gap Down - What's Next?

Centerra Gold Inc. (NYSE:CGAU - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $7.53, but opened at $7.37. Centerra Gold shares last traded at $7.41, with a volume of 116,681 shares traded.

Wall Street Analyst Weigh In

CGAU has been the subject of several research reports. National Bank Financial upgraded Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. CIBC reaffirmed a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. Desjardins lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. Scotiabank reiterated an "outperform" rating on shares of Centerra Gold in a research report on Monday, April 14th. Finally, Raymond James restated an "outperform" rating on shares of Centerra Gold in a research report on Friday, April 4th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Centerra Gold has a consensus rating of "Moderate Buy" and an average target price of $12.00.

Centerra Gold Stock Up 0.3%

The company has a market cap of $1.59 billion, a price-to-earnings ratio of 21.06 and a beta of 0.82. The firm has a 50 day moving average price of $6.68 and a two-hundred day moving average price of $6.25.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The business 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%. On average, equities analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.69%. Centerra Gold's dividend payout ratio (DPR) is currently 105.26%.

Institutional Investors Weigh In On Centerra Gold

Several large investors have recently modified their holdings of CGAU. Pinnacle Holdings LLC acquired a new position in Centerra Gold in the first quarter valued at $39,000. Vise Technologies Inc. acquired a new stake in Centerra Gold during the 4th quarter worth about $58,000. SG Americas Securities LLC bought a new position in shares of Centerra Gold in the 4th quarter worth about $59,000. Massachusetts Financial Services Co. MA bought a new position in shares of Centerra Gold in the 4th quarter worth about $60,000. Finally, Susquehanna Advisors Group Inc. acquired a new position in shares of Centerra Gold in the 4th quarter valued at about $61,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Company Profile

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.