Centerra Gold Inc. (NYSE:CGAU) Assigned Average Rating of 'Moderate Buy' by Analysts

Centerra Gold Inc. (NYSE:CGAU – Get Free Report) has received an average recommendation of "Moderate Buy" according to five research firms monitoring the company, as reported by Marketbeat. Out of these analysts, two have given the stock a hold rating, while three have provided buy ratings. The average price target set by analysts for the stock over the next twelve months is $11.00.

In a separate development, Desjardins upgraded shares of Centerra Gold to a "moderate buy" rating in a research report released on Thursday, October 31st.

Institutional Investors' Interests in Centerra Gold

Recently, several hedge funds have adjusted their stakes in CGAU. During the third quarter, CWM LLC invested approximately $57,000 in shares of Centerra Gold. In the same period, Capstone Investment Advisors LLC acquired a new position valued at around $89,000. Additionally, Vanguard Personalized Indexing Management LLC increased its holdings in Centerra Gold by 12.3% during the second quarter, now owning 14,384 shares worth $96,000 after purchasing an extra 1,573 shares in the recent quarter. HighTower Advisors LLC also acquired a new position in the stock during the third quarter, valued at about $127,000. Lastly, DekaBank Deutsche Girozentrale bought new shares worth approximately $131,000 in the second quarter. Overall, institutional investors currently control 55.40% of the company's shares.

Centerra Gold's Stock Performance

On Wednesday, NYSE:CGAU opened at $6.03. The company has a market capitalization of $1.27 billion, a price-to-earnings (PE) ratio of 12.56, and a beta of 0.98. Its 50-day moving average is $6.78, while the two-hundred day moving average stands at $6.83. Centerra Gold's stock has recorded a low of $4.47 and a high of $7.82 over the past fifty-two weeks.

Centerra Gold last released its quarterly earnings on Thursday, October 31st. The company reported earnings of $0.18 per share for the quarter, falling short of the consensus expectation of $0.20 by $0.02. Centerra Gold had a net profit margin of 8.31% and a return on equity of 10.34%, with total revenue of $323.93 million for the period. This figure compares to an earnings per share of $0.20 for the same quarter last year. Analysts project that Centerra Gold will achieve earnings of $0.79 per share for the current year.

Dividend Announcement from Centerra Gold

Centerra Gold also recently declared a quarterly dividend, which was disbursed on Wednesday, November 27th. Shareholders who were on record as of Wednesday, November 13th received a dividend of $0.052 per share. The ex-dividend date was also set for November 13th. This marks an increase from the company’s previous quarterly dividend of $0.05. The annualized dividend amounts to $0.21, yielding a dividend rate of 3.45%. Centerra Gold’s payout ratio stands at 41.67%.

About Centerra Gold

Centerra Gold Inc. is a gold mining company involved in the acquisition, exploration, development, and operation of gold and copper properties across North America, Turkey, and other global locations. The company focuses on discovering deposits of gold, copper, and molybdenum. Its primary projects include the Mount Milligan gold-copper mine located in British Columbia, Canada, and the Öksüt gold mine situated in Turkey.

Centerra, Gold, Investors, Earnings, Dividends