Centerra Gold (NYSE:CGAU) Upgraded to “Strong-Buy” at Wall Street Zen

Centerra Gold (NYSE:CGAU) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

CGAU has been the subject of a number of other research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Centerra Gold in a report on Monday, December 29th. Zacks Research lowered Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Wednesday, February 4th. Scotiabank upped their target price on Centerra Gold from $13.50 to $19.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.00.

Centerra Gold Price Performance

Shares of NYSE CGAU opened at $16.74 on Friday. The firm has a market cap of $3.34 billion, a P/E ratio of 5.89, a price-to-earnings-growth ratio of 0.82 and a beta of 0.83. The business’s 50 day moving average is $18.28 and its 200-day moving average is $14.45. The company has a current ratio of 2.39, a quick ratio of 1.65 and a debt-to-equity ratio of 0.04. Centerra Gold has a 1-year low of $5.41 and a 1-year high of $21.17.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Centerra Gold had a return on equity of 12.42% and a net margin of 42.18%.The business had revenue of $401.60 million during the quarter, compared to the consensus estimate of $355.39 million. Equities research analysts predict that Centerra Gold will post 0.59 earnings per share for the current year.

Institutional Trading of Centerra Gold

Several hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its position in shares of Centerra Gold by 2.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,860 shares of the company’s stock valued at $357,000 after acquiring an additional 575 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Centerra Gold by 2.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,939 shares of the company’s stock worth $531,000 after acquiring an additional 747 shares in the last quarter. Burkett Financial Services LLC grew its holdings in Centerra Gold by 27.5% in the fourth quarter. Burkett Financial Services LLC now owns 3,569 shares of the company’s stock worth $51,000 after purchasing an additional 769 shares during the period. CWM LLC grew its holdings in Centerra Gold by 5.3% in the fourth quarter. CWM LLC now owns 16,300 shares of the company’s stock worth $234,000 after purchasing an additional 820 shares during the period. Finally, Osaic Holdings Inc. increased its stake in Centerra Gold by 63.0% in the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after purchasing an additional 1,839 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

About Centerra Gold

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.