Centerra Gold Inc. (NYSE:CGAU - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as $24.32 and last traded at $23.4850, with a volume of 2487563 shares traded. The stock had previously closed at $23.75.
Analyst Ratings Changes
A number of research analysts have issued reports on CGAU shares. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Centerra Gold in a report on Thursday, July 30th. Weiss Ratings lowered Centerra Gold from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. Scotiabank restated an "outperform" rating on shares of Centerra Gold in a report on Tuesday, August 4th. Finally, Wall Street Zen downgraded Centerra Gold from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.50.
View Our Latest Stock Report on Centerra Gold
Centerra Gold Trading Down 1.1%
The firm's 50 day simple moving average is $17.88 and its 200-day simple moving average is $17.95. The company has a market capitalization of $4.61 billion, a PE ratio of 7.50, a P/E/G ratio of 0.89 and a beta of 0.80. The company has a quick ratio of 1.49, a current ratio of 2.42 and a debt-to-equity ratio of 0.03.
Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $442.71 million for the quarter, compared to analyst estimates of $394.27 million. Centerra Gold had a return on equity of 15.35% and a net margin of 36.92%. As a group, equities research analysts anticipate that Centerra Gold Inc. will post 1.63 EPS for the current year.
Centerra Gold Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, August 19th. Centerra Gold's dividend payout ratio (DPR) is 6.39%.
Institutional Trading of Centerra Gold
Several institutional investors have recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. acquired a new stake in Centerra Gold in the 2nd quarter valued at approximately $245,004,000. Goldman Sachs Group Inc. boosted its position in shares of Centerra Gold by 57.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company's stock valued at $84,739,000 after purchasing an additional 4,853,494 shares in the last quarter. FIL Ltd bought a new position in shares of Centerra Gold in the fourth quarter valued at $35,991,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Centerra Gold during the second quarter valued at $37,142,000. Finally, Heartland Advisors Inc. purchased a new stake in Centerra Gold during the second quarter valued at about $34,082,000. Institutional investors own 55.40% of the company's stock.
Centerra Gold Company Profile
(
Get Free Report)
Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra's portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.
In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada's largest gold mines.
Further Reading
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