Centerra Gold Inc. (NYSE:CGAU – Get Free Report) has been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $16.6667.
A number of equities analysts recently issued reports on CGAU shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a research report on Friday, March 27th. Scotiabank increased their target price on shares of Centerra Gold from $19.00 to $21.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Wall Street Zen upgraded shares of Centerra Gold from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Zacks Research lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th.
Check Out Our Latest Report on Centerra Gold
Hedge Funds Weigh In On Centerra Gold
Centerra Gold Stock Down 3.3%
Centerra Gold stock opened at $15.50 on Thursday. The company has a 50-day simple moving average of $17.41 and a 200-day simple moving average of $17.21. The firm has a market capitalization of $3.08 billion, a P/E ratio of 5.00, a P/E/G ratio of 0.76 and a beta of 0.79. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.60 and a current ratio of 2.41. Centerra Gold has a one year low of $6.71 and a one year high of $21.17.
Centerra Gold (NYSE:CGAU – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $484.70 million during the quarter, compared to analyst estimates of $373.47 million. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. As a group, equities analysts expect that Centerra Gold will post 1.79 earnings per share for the current year.
Centerra Gold Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a dividend of $0.07 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. Centerra Gold’s dividend payout ratio (DPR) is 6.77%.
About Centerra Gold
Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.
In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.
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