Centerra Gold Inc. (NYSE:CGAU) Given Average Rating of “Moderate Buy” by Brokerages

Centerra Gold Inc. (NYSE:CGAU) has been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $14.1667.

CGAU has been the topic of several recent analyst reports. Raymond James Financial reiterated a “market perform” rating on shares of Centerra Gold in a report on Thursday, October 30th. BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a research report on Thursday, October 23rd. Wall Street Zen upgraded Centerra Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research report on Monday, December 29th.

Institutional Trading of Centerra Gold

A number of hedge funds have recently bought and sold shares of the stock. Burkett Financial Services LLC bought a new position in shares of Centerra Gold during the 3rd quarter worth about $30,000. TD Waterhouse Canada Inc. lifted its stake in shares of Centerra Gold by 1,106.5% in the third quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company’s stock valued at $33,000 after buying an additional 2,733 shares during the period. Farther Finance Advisors LLC acquired a new stake in Centerra Gold during the second quarter worth about $27,000. Osaic Holdings Inc. increased its stake in Centerra Gold by 63.0% during the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after acquiring an additional 1,839 shares during the period. Finally, State of Wyoming acquired a new position in Centerra Gold in the 3rd quarter valued at approximately $90,000. 55.40% of the stock is owned by institutional investors.

Centerra Gold Stock Up 1.6%

Shares of Centerra Gold stock opened at $18.40 on Monday. Centerra Gold has a 12-month low of $5.41 and a 12-month high of $18.78. The company has a quick ratio of 2.10, a current ratio of 2.89 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average price of $14.38 and a two-hundred day moving average price of $11.10. The stock has a market capitalization of $3.68 billion, a P/E ratio of 11.22, a PEG ratio of 0.48 and a beta of 0.87.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $395.20 million for the quarter, compared to analyst estimates of $314.74 million. Centerra Gold had a net margin of 26.35% and a return on equity of 10.47%. Equities analysts expect that Centerra Gold will post 0.59 earnings per share for the current year.

Centerra Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, November 13th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. Centerra Gold’s payout ratio is 12.20%.

Centerra Gold Company Profile

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.