Centerra Gold Inc. (NYSE:CGAU) Receives $11.00 Average Target Price from Brokerages

Centerra Gold Inc. (NYSE:CGAU) has received an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $11.00.

Separately, Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st.

Centerra Gold Stock Up 3.6 %

Shares of NYSE CGAU opened at $6.17 on Wednesday. The stock’s 50-day simple moving average is $6.76 and its two-hundred day simple moving average is $6.83. Centerra Gold has a twelve month low of $4.47 and a twelve month high of $7.82. The firm has a market capitalization of $1.30 billion, a P/E ratio of 12.84 and a beta of 0.89.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. The company had revenue of $323.93 million for the quarter. During the same period in the prior year, the company earned $0.20 earnings per share. As a group, research analysts anticipate that Centerra Gold will post 0.79 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $0.052 dividend. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.21 annualized dividend and a dividend yield of 3.37%. Centerra Gold’s dividend payout ratio (DPR) is currently 43.75%.

Institutional Trading of Centerra Gold

A number of institutional investors have recently modified their holdings of CGAU. CWM LLC bought a new position in shares of Centerra Gold during the third quarter valued at approximately $57,000. Capstone Investment Advisors LLC purchased a new stake in shares of Centerra Gold during the third quarter valued at approximately $89,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Centerra Gold by 12.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock worth $96,000 after purchasing an additional 1,573 shares in the last quarter. Virtu Financial LLC bought a new stake in Centerra Gold in the 1st quarter worth about $113,000. Finally, HighTower Advisors LLC bought a new stake in shares of Centerra Gold in the third quarter worth approximately $127,000. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

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.