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

Shares of Centerra Gold Inc. (NYSE:CGAU) have earned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $11.00.

Separately, Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st.

Institutional Investors Weigh In On Centerra Gold

A number of hedge funds have recently made changes to their positions in the business. CWM LLC bought a new stake in shares of Centerra Gold during the third quarter valued at about $57,000. Capstone Investment Advisors LLC bought a new stake in shares of Centerra Gold during the 3rd quarter worth about $89,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Centerra Gold by 12.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock worth $96,000 after acquiring an additional 1,573 shares during the period. Virtu Financial LLC acquired a new stake in shares of Centerra Gold in the 1st quarter worth approximately $113,000. Finally, HighTower Advisors LLC acquired a new position in shares of Centerra Gold during the third quarter valued at approximately $127,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Stock Down 0.8 %

Shares of CGAU stock opened at $5.91 on Wednesday. Centerra Gold has a fifty-two week low of $4.47 and a fifty-two week high of $7.82. The firm’s 50 day moving average price is $6.86 and its two-hundred day moving average price is $6.85. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 12.31 and a beta of 0.98.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. The firm had revenue of $323.93 million during the quarter. During the same period last year, the business earned $0.20 earnings per share. On average, equities analysts forecast that Centerra Gold will post 0.81 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.052 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.21 dividend on an annualized basis and a yield of 3.52%. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s payout ratio is currently 43.75%.

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.