Shares of Centerra Gold Inc. (NYSE:CGAU - Get Free Report) have received an average rating of "Moderate Buy" from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.00.
Separately, Desjardins upgraded shares of Centerra Gold to a "moderate buy" rating in a report on Thursday, October 31st.
Read Our Latest Stock Report on CGAU
A number of institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Centerra Gold by 36.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,390,005 shares of the company's stock worth $31,514,000 after purchasing an additional 1,175,000 shares in the last quarter. Old West Investment Management LLC acquired a new position in Centerra Gold in the 2nd quarter worth $1,344,000. Renaissance Technologies LLC boosted its position in Centerra Gold by 29.0% in the 2nd quarter. Renaissance Technologies LLC now owns 327,800 shares of the company's stock valued at $2,203,000 after buying an additional 73,600 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Centerra Gold by 594.6% during the second quarter. Acadian Asset Management LLC now owns 8,862,170 shares of the company's stock valued at $59,532,000 after acquiring an additional 7,586,370 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Centerra Gold during the third quarter worth about $4,454,000. 55.40% of the stock is owned by hedge funds and other institutional investors.
NYSE:CGAU opened at $5.69 on Friday. Centerra Gold has a 12-month low of $4.47 and a 12-month high of $7.82. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 11.85 and a beta of 0.89. The company's 50-day moving average is $6.39 and its two-hundred day moving average is $6.72.
Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $323.93 million for the quarter. Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. During the same quarter last year, the firm earned $0.20 earnings per share. On average, equities research analysts forecast that Centerra Gold will post 0.79 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Wednesday, November 13th. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's dividend payout ratio is 41.67%.
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.
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