Centerra Gold (NYSE:CGAU) Hits New 1-Year Low – Time to Sell?

Centerra Gold Inc. (NYSE:CGAU)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $5.41 and last traded at $5.55, with a volume of 46602 shares trading hands. The stock had previously closed at $5.61.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Desjardins cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Scotiabank cut their target price on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a research note on Wednesday, January 15th. Raymond James reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Friday. National Bankshares reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Wednesday. Finally, Cormark lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Centerra Gold currently has a consensus rating of “Moderate Buy” and an average target price of $11.00.

Centerra Gold Stock Up 1.1 %

The firm’s 50-day moving average is $6.18 and its 200-day moving average is $6.31. The company has a market capitalization of $1.19 billion, a PE ratio of 15.79 and a beta of 0.81.

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

Centerra Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s dividend payout ratio (DPR) is currently 52.78%.

Institutional Trading of Centerra Gold

Several institutional investors have recently made changes to their positions in CGAU. Vise Technologies Inc. purchased a new stake in shares of Centerra Gold during the 4th quarter valued at about $58,000. SG Americas Securities LLC bought a new position in Centerra Gold in the fourth quarter worth approximately $59,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Centerra Gold during the fourth quarter valued at $60,000. Susquehanna Advisors Group Inc. purchased a new stake in shares of Centerra Gold in the 4th quarter worth approximately $61,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Centerra Gold during the 4th quarter valued at $79,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Centerra Gold Company Profile

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.