Weiss Ratings Reiterates "Hold (C)" Rating for Centerra Gold (NYSE:CGAU)

Key Points

• Weiss Ratings has restated its "hold (C)" rating for Centerra Gold (NYSE:CGAU), amid various ratings updates from other analysts, suggesting a mixed outlook for the stock.
• Centerra Gold's stock rose to $11.75 during mid-day trading, with a twelve-month high of $11.83, indicating some positive market movement.
• Institutional investors hold approximately 55.40% of Centerra Gold's stock, showing significant interest from major financial entities such as Goldman Sachs and Royal Bank of Canada.

Centerra Gold (NYSE:CGAU - Get Free Report)'s stock had its "hold (c)" rating restated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

CGAU has been the topic of several other research reports. National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, June 24th. CIBC restated an "outperform" rating on shares of Centerra Gold in a report on Tuesday, July 15th. Wall Street Zen downgraded shares of Centerra Gold from a "buy" rating to a "hold" rating in a report on Friday, September 26th. Royal Bank Of Canada downgraded shares of Centerra Gold from an "outperform" rating to a "sector perform" rating and increased their price target for the company from $13.00 to $14.00 in a report on Wednesday, September 10th. Finally, BMO Capital Markets reissued a "market perform" rating on shares of Centerra Gold in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.83.

Centerra Gold Trading Up 3.0%

NYSE:CGAU traded up $0.34 during mid-day trading on Wednesday, hitting $11.75. The stock had a trading volume of 1,826,732 shares, compared to its average volume of 2,378,200. Centerra Gold has a twelve month low of $5.41 and a twelve month high of $11.83. The stock has a 50-day simple moving average of $8.69 and a two-hundred day simple moving average of $7.51. The company has a market capitalization of $2.38 billion, a PE ratio of 35.61, a PEG ratio of 1.55 and a beta of 0.88.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.08. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. The firm had revenue of $288.30 million during the quarter, compared to the consensus estimate of $319.42 million. Sell-side analysts predict that Centerra Gold will post 0.59 EPS for the current fiscal year.

Institutional Trading of Centerra Gold

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its position in Centerra Gold by 57.2% during the first quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company's stock worth $84,739,000 after buying an additional 4,853,494 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Centerra Gold by 9.2% during the 1st quarter. Royal Bank of Canada now owns 8,684,513 shares of the company's stock valued at $55,146,000 after buying an additional 734,104 shares during the period. Acadian Asset Management LLC raised its holdings in Centerra Gold by 26.2% in the 2nd quarter. Acadian Asset Management LLC now owns 8,494,055 shares of the company's stock worth $61,027,000 after purchasing an additional 1,761,904 shares during the period. Vanguard Group Inc. grew its position in shares of Centerra Gold by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,310,457 shares of the company's stock valued at $52,722,000 after purchasing an additional 55,839 shares in the last quarter. Finally, Ruffer LLP lifted its stake in Centerra Gold by 0.9% in the second quarter. Ruffer LLP now owns 7,153,309 shares of the company's stock worth $51,590,000 after purchasing an additional 64,070 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors.

About Centerra Gold

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.

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