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

Centerra Gold Inc. (NYSE:CGAU) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $16.00.

Several equities research analysts have recently weighed in on CGAU shares. Raymond James Financial reissued a “market perform” rating on shares of Centerra Gold in a research report on Thursday, October 30th. Wall Street Zen raised shares of Centerra Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Weiss Ratings restated a “buy (b)” rating on shares of Centerra Gold in a report on Monday, December 29th. BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Finally, Zacks Research raised Centerra Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th.

Hedge Funds Weigh In On Centerra Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. grew its stake in Centerra Gold by 21.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 14,158,116 shares of the company’s stock worth $203,452,000 after buying an additional 2,535,492 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Centerra Gold by 57.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock worth $84,739,000 after acquiring an additional 4,853,494 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Centerra Gold by 26.2% during the 2nd quarter. Acadian Asset Management LLC now owns 8,494,055 shares of the company’s stock valued at $61,027,000 after purchasing an additional 1,761,904 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Centerra Gold by 7.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,274,935 shares of the company’s stock valued at $119,058,000 after purchasing an additional 549,491 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. boosted its stake in Centerra Gold by 4.1% in the third quarter. Waratah Capital Advisors Ltd. now owns 6,954,407 shares of the company’s stock worth $74,621,000 after purchasing an additional 275,510 shares in the last quarter. 55.40% of the stock is owned by institutional investors.

Centerra Gold Stock Up 1.2%

CGAU stock opened at $18.97 on Friday. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 0.43 and a beta of 0.88. The company has a 50-day moving average of $16.51 and a two-hundred day moving average of $12.52. Centerra Gold has a 52-week low of $5.41 and a 52-week high of $20.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.89 and a quick ratio of 2.10.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $401.60 million during the quarter, compared to analysts’ expectations of $355.39 million. Centerra Gold had a return on equity of 10.47% and a net margin of 26.35%. As a group, equities research analysts anticipate that Centerra Gold will post 0.59 EPS for the current year.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. Centerra Gold’s payout ratio is currently 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.