Centerra Gold Inc. (NYSE:CGAU) Receives $11.00 Consensus Target Price from Analysts

Centerra Gold Inc. (NYSE:CGAU) has earned an average recommendation of “Moderate Buy” from the four ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $11.00.

Several equities analysts have weighed in on CGAU shares. Desjardins raised Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Scotiabank dropped their price target on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 15th.

Centerra Gold Price Performance

NYSE CGAU opened at $6.07 on Thursday. Centerra Gold has a 1-year low of $4.47 and a 1-year high of $7.82. The company has a market capitalization of $1.27 billion, a P/E ratio of 12.64 and a beta of 0.90. The business has a 50 day moving average price of $5.88 and a 200 day moving average price of $6.55.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. The firm had revenue of $323.93 million during the quarter. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, research analysts expect that Centerra Gold will post 0.77 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.052 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 3.43%. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s payout ratio is currently 43.75%.

Institutional Investors Weigh In On Centerra Gold

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC purchased a new stake in shares of Centerra Gold in the third quarter valued at $57,000. SG Americas Securities LLC purchased a new stake in shares of Centerra Gold in the fourth quarter valued at $59,000. Capstone Investment Advisors LLC purchased a new stake in shares of Centerra Gold in the third quarter valued at $89,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Centerra Gold by 12.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock valued at $96,000 after purchasing an additional 1,573 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in shares of Centerra Gold in the third quarter valued at $127,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

About Centerra Gold

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.