Centerra Gold Inc. (NYSE:CGAU) Stock Has Consensus Price Target of $21.00 According to Brokerages

Shares of Centerra Gold Inc. (NYSE:CGAU) have earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $21.00.

Several research analysts have commented on CGAU shares. Wall Street Zen downgraded Centerra Gold from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, August 4th. Weiss Ratings upgraded shares of Centerra Gold from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Thursday, July 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pictet Asset Management Holding SA boosted its stake in Centerra Gold by 3.5% in the first quarter. Pictet Asset Management Holding SA now owns 39,102 shares of the company’s stock worth $693,000 after purchasing an additional 1,340 shares in the last quarter. Baron Wealth Management LLC increased its stake in shares of Centerra Gold by 6.2% in the first quarter. Baron Wealth Management LLC now owns 27,602 shares of the company’s stock valued at $491,000 after buying an additional 1,621 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Centerra Gold in the second quarter valued at about $28,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. raised its holdings in shares of Centerra Gold by 2.8% in the second quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 81,100 shares of the company’s stock valued at $1,281,000 after buying an additional 2,200 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in Centerra Gold by 35.0% during the 1st quarter. Kestra Advisory Services LLC now owns 10,797 shares of the company’s stock worth $192,000 after buying an additional 2,797 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Trading Up 0.7%

Centerra Gold stock opened at $21.58 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.49 and a current ratio of 2.42. The business’s 50-day simple moving average is $21.76 and its 200-day simple moving average is $18.75. The firm has a market capitalization of $4.22 billion, a PE ratio of 6.90, a PEG ratio of 0.80 and a beta of 0.84. Centerra Gold has a 52 week low of $10.46 and a 52 week high of $24.52.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Centerra Gold had a return on equity of 15.35% and a net margin of 36.92%.The business had revenue of $442.71 million during the quarter, compared to analysts’ expectations of $394.27 million. Equities research analysts forecast that Centerra Gold will post 1.63 earnings per share for the current year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were given a C$0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, August 19th. Centerra Gold’s dividend payout ratio (DPR) is currently 6.39%.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based, intermediate gold and copper producer headquartered in Toronto, Ontario. The company explores, develops and operates precious- and base-metal properties, with a focus on responsible mining and the production of gold and copper concentrates and doré.

Centerra’s principal operating assets include the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in Türkiye. Mount Milligan produces copper and gold concentrate, while Öksüt is an open-pit, heap-leach operation that produces gold doré.