Wall Street Zen Downgrades Centerra Gold (NYSE:CGAU) to Hold

Centerra Gold (NYSE:CGAU) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

CGAU has been the topic of a number of other reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a report on Friday, March 27th. Zacks Research downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Scotiabank lifted their price target on shares of Centerra Gold from $19.00 to $21.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.67.

Centerra Gold Stock Performance

Shares of NYSE CGAU opened at $16.13 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.60 and a current ratio of 2.41. The company has a market cap of $3.20 billion, a P/E ratio of 5.20, a P/E/G ratio of 0.74 and a beta of 0.79. The firm’s fifty day moving average is $17.76 and its two-hundred day moving average is $16.97. Centerra Gold has a 52-week low of $6.71 and a 52-week high of $21.17.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $484.70 million for the quarter, compared to the consensus estimate of $373.47 million. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. As a group, analysts anticipate that Centerra Gold will post 1.79 EPS for the current fiscal year.

Institutional Trading of Centerra Gold

A number of large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its holdings in shares of Centerra Gold by 2.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 24,860 shares of the company’s stock worth $357,000 after buying an additional 575 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Centerra Gold by 2.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 36,939 shares of the company’s stock worth $531,000 after buying an additional 747 shares during the last quarter. Burkett Financial Services LLC increased its holdings in shares of Centerra Gold by 27.5% in the 4th quarter. Burkett Financial Services LLC now owns 3,569 shares of the company’s stock worth $51,000 after buying an additional 769 shares during the last quarter. CWM LLC increased its holdings in shares of Centerra Gold by 5.3% in the 4th quarter. CWM LLC now owns 16,300 shares of the company’s stock worth $234,000 after buying an additional 820 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Centerra Gold by 3.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 39,102 shares of the company’s stock worth $693,000 after buying an additional 1,340 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors.

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.