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

Shares of Centerra Gold Inc. (NYSE:CGAU) have been given a consensus rating of “Moderate Buy” by the five analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $21.00.

A number of brokerages recently weighed in on CGAU. Zacks Research cut Centerra Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, August 4th. Wall Street Zen lowered Centerra Gold from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings upgraded Centerra Gold from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, October 26th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Centerra Gold in a report on Friday, October 16th.

Institutional Investors Weigh In On Centerra Gold

A number of large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new position in shares of Centerra Gold in the 2nd quarter worth approximately $28,000. Pinnacle Holdings LLC acquired a new stake in shares of Centerra Gold during the 2nd quarter valued at approximately $45,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Centerra Gold during the 2nd quarter valued at approximately $83,000. Parallel Advisors LLC raised its position in shares of Centerra Gold by 97.8% during the 3rd quarter. Parallel Advisors LLC now owns 6,902 shares of the company’s stock valued at $150,000 after acquiring an additional 3,413 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Centerra Gold by 18.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,177 shares of the company’s stock valued at $156,000 after acquiring an additional 1,101 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Stock Performance

Shares of CGAU opened at $19.53 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.25 and a current ratio of 2.07. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 1.93 and a beta of 0.84. The company’s 50 day simple moving average is $22.05 and its 200 day simple moving average is $18.99. Centerra Gold has a 1 year low of $11.13 and a 1 year high of $24.52.

Centerra Gold (NYSE:CGAU) last released its earnings results on Thursday, October 29th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. Centerra Gold had a net margin of 23.67% and a return on equity of 15.10%. The firm had revenue of $500.30 million during the quarter, compared to analysts’ expectations of $440.83 million. On average, sell-side analysts predict that Centerra Gold will post 1.52 EPS for the current year.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Thursday, November 19th will be issued a dividend of C$0.07 per share. The ex-dividend date is Thursday, November 19th. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. Centerra Gold’s payout ratio is presently 9.30%.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based mining company focused on the acquisition, exploration, development and operation of gold and copper properties. The company produces gold doré and copper-gold concentrate from its operating mines and manages related processing, infrastructure and exploration activities.

Centerra’s principal assets include the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in Türkiye. The company also owns the Kemess project in British Columbia, which is being advanced as a potential copper-gold development project.