Centerra Gold Inc. (NYSE:CGAU) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Centerra Gold Inc. (NYSE:CGAU) have earned a consensus recommendation of “Moderate Buy” from the four analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.00.

CGAU has been the topic of several research analyst reports. Scotiabank decreased their price target on shares of Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a report on Wednesday. Desjardins upgraded Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st.

Centerra Gold Stock Down 3.2 %

Shares of NYSE CGAU opened at $5.82 on Thursday. The company has a market cap of $1.22 billion, a P/E ratio of 12.13 and a beta of 0.90. Centerra Gold has a 52 week low of $4.47 and a 52 week high of $7.82. The business has a 50-day simple moving average of $5.92 and a two-hundred day simple moving average of $6.58.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $323.93 million during the quarter. Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. During the same period last year, the firm posted $0.20 earnings per share. Equities research analysts anticipate that Centerra Gold will post 0.79 EPS for the current year.

Centerra Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.052 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a dividend yield of 3.57%. Centerra Gold’s payout ratio is 43.75%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. CWM LLC bought a new stake in Centerra Gold during the 3rd quarter valued at approximately $57,000. Capstone Investment Advisors LLC purchased a new position in shares of Centerra Gold in the 3rd quarter valued at approximately $89,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of Centerra Gold by 12.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock valued at $96,000 after purchasing an additional 1,573 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Centerra Gold in the third quarter worth $127,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Centerra Gold in the second quarter worth $131,000. 55.40% of the stock is owned by hedge funds and other 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.