Centerra Gold Inc. (NYSE:CGAU) Given Average Rating of “Hold” by Analysts

Shares of Centerra Gold Inc. (NYSE:CGAU) have received an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $11.00.

A number of equities research analysts recently commented on CGAU shares. Scotiabank decreased their price target on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, January 15th. Desjardins lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Cormark lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CGAU. Vise Technologies Inc. bought a new stake in shares of Centerra Gold during the fourth quarter worth $58,000. SG Americas Securities LLC bought a new stake in Centerra Gold during the 4th quarter worth about $59,000. Massachusetts Financial Services Co. MA bought a new stake in Centerra Gold during the 4th quarter worth about $60,000. Susquehanna Advisors Group Inc. acquired a new position in Centerra Gold during the 4th quarter valued at about $61,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of Centerra Gold in the 3rd quarter valued at about $89,000. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Stock Performance

Shares of NYSE CGAU opened at $5.82 on Friday. Centerra Gold has a 52-week low of $5.46 and a 52-week high of $7.82. The business has a fifty day moving average of $6.09 and a two-hundred day moving average of $6.40. The stock has a market cap of $1.22 billion, a PE ratio of 16.15 and a beta of 0.92.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $302.40 million for the quarter, compared to the consensus estimate of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. Analysts predict that Centerra Gold will post 0.59 earnings per share for the current year.

Centerra Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.82%. The ex-dividend date is Thursday, March 13th. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s payout ratio is 52.78%.

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.