Centerra Gold Inc. (NYSE:CGAU) Stock Has Consensus Target Price of $21.00

Key Points

• Analysts hold a moderately bullish view on Centerra Gold, with five buy ratings and two hold ratings producing an average recommendation of “Moderate Buy” and a consensus 12-month price target of $21.00.
• Centerra Gold exceeded quarterly expectations, reporting EPS of $0.39 versus $0.38 expected and revenue of $442.71 million versus the $394.27 million consensus estimate.
• The company pays a quarterly dividend of C$0.07 per share, equivalent to a 1.3% annualized yield, while institutional investors own 55.4% of the stock.

Shares of Centerra Gold Inc. (NYSE:CGAU - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.00.

Several research analysts have recently commented on CGAU shares. Scotiabank reiterated an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, August 4th. Wall Street Zen cut Centerra Gold from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Weiss Ratings raised Centerra Gold from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 31st. Finally, Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Centerra Gold in a research report on Thursday, July 30th.

Centerra Gold Stock Performance

NYSE CGAU opened at $21.46 on Friday. The company has a current ratio of 2.42, a quick ratio of 1.49 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average price is $21.66 and its two-hundred day moving average price is $18.73. Centerra Gold has a 1 year low of $10.46 and a 1 year high of $24.52. The firm has a market capitalization of $4.19 billion, a P/E ratio of 6.86, a price-to-earnings-growth ratio of 0.80 and a beta of 0.84.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $442.71 million during the quarter, compared to the consensus estimate of $394.27 million. Centerra Gold had a net margin of 36.92% and a return on equity of 15.35%. As a group, research analysts anticipate that Centerra Gold will post 1.63 EPS for the current year.

Centerra Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a dividend of C$0.07 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. Centerra Gold's payout ratio is presently 6.39%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Donald Smith & CO. Inc. acquired a new stake in Centerra Gold during the second quarter worth approximately $245,004,000. Arrowstreet Capital Limited Partnership grew its position in shares of Centerra Gold by 0.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 8,314,250 shares of the company's stock valued at $147,899,000 after purchasing an additional 39,315 shares during the last quarter. Heartland Advisors Inc. increased its stake in shares of Centerra Gold by 0.7% during the first quarter. Heartland Advisors Inc. now owns 2,216,216 shares of the company's stock worth $39,426,000 after purchasing an additional 14,766 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Centerra Gold during the second quarter worth approximately $37,142,000. Finally, Neumeier Poma Investment Counsel LLC acquired a new stake in Centerra Gold during the 2nd quarter worth approximately $32,524,070. 55.40% of the stock is owned by institutional investors.

About Centerra Gold

Centerra Gold Inc is a Canadian-based, intermediate gold and copper producer headquartered in Toronto, Ontario. The company explores, develops and operates precious- and base-metal properties, with a focus on responsible mining and the production of gold and copper concentrates and doré.

Centerra's principal operating assets include the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in Türkiye. Mount Milligan produces copper and gold concentrate, while Öksüt is an open-pit, heap-leach operation that produces gold doré.

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