Centerra Gold's (CGAU) Outperform Overweight Rating Reiterated at National Bank Financial

Centerra Gold (NYSE:CGAU - Get Free Report)'s stock had its "outperform overweight" rating restated by investment analysts at National Bank Financial in a research report issued to clients and investors on Monday, Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the company. Raymond James dropped their price objective on Centerra Gold from $12.00 to $11.00 and set an "outperform" rating for the company in a research note on Friday, December 29th. BMO Capital Markets began coverage on Centerra Gold in a research note on Wednesday, February 21st. They issued an "outperform" rating for the company. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $9.78.

Centerra Gold Stock Down 2.1 %

NYSE:CGAU traded down $0.13 on Monday, reaching $6.00. The company's stock had a trading volume of 1,319,103 shares, compared to its average volume of 405,969. Centerra Gold has a 12-month low of $4.47 and a 12-month high of $7.71. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -16.22 and a beta of 0.98. The stock has a 50 day moving average price of $5.51 and a 200 day moving average price of $5.49.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). Centerra Gold had a negative net margin of 7.43% and a positive return on equity of 0.62%. The business had revenue of $340.00 million during the quarter. Equities research analysts expect that Centerra Gold will post 0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. grew its stake in Centerra Gold by 99.6% during the 3rd quarter. American Century Companies Inc. now owns 1,135,677 shares of the company's stock worth $5,552,000 after purchasing an additional 566,652 shares in the last quarter. Vanguard Group Inc. grew its stake in Centerra Gold by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 8,031,893 shares of the company's stock worth $39,356,000 after purchasing an additional 220,263 shares in the last quarter. Deutsche Bank AG grew its stake in Centerra Gold by 818.1% during the 3rd quarter. Deutsche Bank AG now owns 169,704 shares of the company's stock worth $832,000 after purchasing an additional 151,220 shares in the last quarter. Hsbc Holdings PLC grew its stake in Centerra Gold by 134.2% during the 3rd quarter. Hsbc Holdings PLC now owns 35,587 shares of the company's stock worth $174,000 after purchasing an additional 20,389 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Centerra Gold by 91.9% during the 3rd quarter. Mackenzie Financial Corp now owns 3,384,834 shares of the company's stock worth $15,775,000 after buying an additional 1,621,158 shares during the last quarter. 55.40% of the stock is 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.