Centerra Gold Inc. (NYSE:CGAU) Receives $16.00 Consensus PT from Analysts

Centerra Gold Inc. (NYSE:CGAU) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $16.00.

A number of analysts recently issued reports on the company. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, February 4th. Zacks Research raised Centerra Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research report on Monday, December 29th. Finally, Scotiabank upped their price objective on Centerra Gold from $13.50 to $19.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th.

Institutional Trading of Centerra Gold

A number of large investors have recently added to or reduced their stakes in CGAU. Goldman Sachs Group Inc. increased its stake in shares of Centerra Gold by 57.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock worth $84,739,000 after purchasing an additional 4,853,494 shares during the last quarter. Donald Smith & CO. Inc. lifted its stake in Centerra Gold by 21.8% in the 4th quarter. Donald Smith & CO. Inc. now owns 14,158,116 shares of the company’s stock valued at $203,452,000 after purchasing an additional 2,535,492 shares during the last quarter. FIL Ltd bought a new position in Centerra Gold during the fourth quarter worth about $35,991,000. Hillsdale Investment Management Inc. acquired a new position in Centerra Gold during the third quarter worth approximately $23,106,000. Finally, Millennium Management LLC increased its position in Centerra Gold by 828.0% during the third quarter. Millennium Management LLC now owns 2,372,671 shares of the company’s stock worth $25,435,000 after buying an additional 2,116,991 shares during 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 $16.36 on Tuesday. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 5.76, a PEG ratio of 0.79 and a beta of 0.83. Centerra Gold has a 12 month low of $5.41 and a 12 month high of $21.17. The firm has a fifty day simple moving average of $18.24 and a 200 day simple moving average of $14.31. The company has a current ratio of 2.39, a quick ratio of 1.65 and a debt-to-equity ratio of 0.02.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Centerra Gold had a net margin of 42.18% and a return on equity of 12.42%. The firm had revenue of $401.60 million for the quarter, compared to analyst estimates of $355.39 million. Research analysts forecast that Centerra Gold will post 0.59 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, March 12th. Centerra Gold’s dividend payout ratio is 7.39%.

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.