Centerra Gold Inc. (NYSE:CGAU) Receives Average Recommendation of “Moderate Buy” from Brokerages

by · The Markets Daily

Centerra Gold Inc. (NYSE:CGAU – Get Free Report) has earned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts 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 report on Thursday, October 31st.

Read Our Latest Analysis on Centerra Gold

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Acadian Asset Management LLC increased its stake in shares of Centerra Gold by 594.6% during the second quarter. Acadian Asset Management LLC now owns 8,862,170 shares of the company’s stock valued at $59,532,000 after acquiring an additional 7,586,370 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Centerra Gold by 36.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,390,005 shares of the company’s stock valued at $31,514,000 after purchasing an additional 1,175,000 shares during the period. Bank of Montreal Can raised its stake in shares of Centerra Gold by 59.0% in the 3rd quarter. Bank of Montreal Can now owns 3,869,035 shares of the company’s stock worth $28,690,000 after buying an additional 1,435,794 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Centerra Gold by 132.8% in the 2nd quarter. American Century Companies Inc. now owns 1,835,673 shares of the company’s stock worth $12,345,000 after buying an additional 1,047,142 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Centerra Gold by 111.3% in the second quarter. Mackenzie Financial Corp now owns 1,493,717 shares of the company’s stock valued at $10,046,000 after buying an additional 786,688 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.

Centerra Gold Stock Performance

Shares of Centerra Gold stock opened at $5.69 on Friday. Centerra Gold has a 1 year low of $4.47 and a 1 year high of $7.82. The firm’s 50-day simple moving average is $6.39 and its 200-day simple moving average is $6.72. The firm has a market cap of $1.20 billion, a PE ratio of 11.85 and a beta of 0.89.

Centerra Gold (NYSE:CGAU – Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. The firm had revenue of $323.93 million during the quarter. During the same period last year, the firm posted $0.20 EPS. On average, equities analysts predict that Centerra Gold will post 0.79 earnings per share for the current year.

Centerra Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Wednesday, November 13th. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s payout ratio is 41.67%.

About Centerra Gold

(Get Free Report

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.

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