Centerra Gold Inc. (NYSE:CGAU – Get Free Report) has received a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $17.50.
A number of equities research analysts have issued reports on CGAU shares. Zacks Research downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research note on Friday, March 27th. Scotiabank reiterated an “outperform” rating on shares of Centerra Gold in a report on Tuesday, July 7th. Finally, Wall Street Zen raised Centerra Gold from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st.
Get Our Latest Report on Centerra Gold
Centerra Gold Price Performance
Centerra Gold (NYSE:CGAU – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. The firm had revenue of $484.70 million for the quarter, compared to the consensus estimate of $373.47 million. Equities research analysts expect that Centerra Gold will post 1.61 EPS for the current fiscal year.
Centerra Gold Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.9%. Centerra Gold’s dividend payout ratio (DPR) is 6.77%.
Institutional Investors Weigh In On Centerra Gold
Several large investors have recently made changes to their positions in CGAU. Cubist Systematic Strategies LLC bought a new position in Centerra Gold during the first quarter valued at approximately $192,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Centerra Gold during the 1st quarter worth $97,000. Goldman Sachs Group Inc. raised its holdings in shares of Centerra Gold by 57.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock valued at $84,739,000 after purchasing an additional 4,853,494 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Centerra Gold during the 1st quarter valued at $218,000. Finally, Geode Capital Management LLC lifted its stake in shares of Centerra Gold by 20.3% in the 2nd quarter. Geode Capital Management LLC now owns 767,536 shares of the company’s stock valued at $5,534,000 after purchasing an additional 129,737 shares during the last quarter. Institutional investors own 55.40% of the company’s stock.
Centerra Gold Company Profile
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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