Wall Street Zen Upgrades Centerra Gold (NYSE:CGAU) to “Buy”

Centerra Gold (NYSE:CGAU) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

A number of other equities research analysts have also recently weighed in on CGAU. Scotiabank lifted their price objective on shares of Centerra Gold from $19.00 to $21.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Zacks Research lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Centerra Gold in a research report on Friday, March 27th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.67.

Centerra Gold Stock Performance

Shares of NYSE CGAU opened at $16.59 on Friday. Centerra Gold has a 12-month low of $6.71 and a 12-month high of $21.17. The company has a market cap of $3.29 billion, a PE ratio of 5.35, a P/E/G ratio of 0.79 and a beta of 0.79. The stock has a 50 day simple moving average of $17.61 and a 200-day simple moving average of $17.12. The company has a current ratio of 2.41, a quick ratio of 1.60 and a debt-to-equity ratio of 0.06.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Wednesday, April 29th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $484.70 million for the quarter, compared to analysts’ expectations of $373.47 million. Centerra Gold had a return on equity of 14.90% and a net margin of 40.32%. On average, equities research analysts forecast that Centerra Gold will post 1.79 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CGAU. Burkett Financial Services LLC acquired a new position in shares of Centerra Gold in the third quarter worth about $30,000. Osaic Holdings Inc. lifted its position in shares of Centerra Gold by 63.0% in the 2nd 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 in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Centerra Gold in the 4th quarter valued at approximately $36,000. Leonteq Securities AG acquired a new position in Centerra Gold in the 4th quarter worth approximately $72,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Centerra Gold in the 1st quarter worth approximately $97,000. Institutional investors own 55.40% of the company’s stock.

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.