Shares of Centerra Gold Inc. (NYSE:CGAU – Get Free Report) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $21.89 and traded as high as $23.06. Centerra Gold shares last traded at $23.0350, with a volume of 1,153,771 shares traded.
Wall Street Analysts Forecast Growth
CGAU has been the subject of several analyst reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Centerra Gold in a report on Friday, October 16th. Weiss Ratings raised Centerra Gold from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, October 26th. Zacks Research lowered Centerra Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 6th. Scotiabank reiterated an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, August 4th. Finally, Wall Street Zen downgraded Centerra Gold from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.00.
Check Out Our Latest Report on Centerra Gold
Centerra Gold Stock Performance
The stock has a fifty day simple moving average of $21.89 and a two-hundred day simple moving average of $19.09. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.25 and a current ratio of 2.07. The stock has a market cap of $4.46 billion, a PE ratio of 10.71, a PEG ratio of 1.93 and a beta of 0.84.
Centerra Gold (NYSE:CGAU – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $500.30 million for the quarter, compared to analysts’ expectations of $440.83 million. Centerra Gold had a return on equity of 15.10% and a net margin of 23.67%. Equities analysts anticipate that Centerra Gold Inc. will post 1.58 EPS for the current fiscal year.
Centerra Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Thursday, November 19th will be paid a dividend of C$0.07 per share. The ex-dividend date is Thursday, November 19th. This represents a $0.28 annualized dividend and a yield of 1.2%. Centerra Gold’s dividend payout ratio is presently 9.30%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Donald Smith & CO. Inc. acquired a new stake in shares of Centerra Gold during the 2nd quarter valued at approximately $245,004,000. Arrowstreet Capital Limited Partnership boosted its holdings in Centerra Gold by 0.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 8,314,250 shares of the company’s stock worth $147,899,000 after purchasing an additional 39,315 shares during the period. Heartland Advisors Inc. boosted its holdings in Centerra Gold by 0.7% in the first quarter. Heartland Advisors Inc. now owns 2,216,216 shares of the company’s stock worth $39,426,000 after purchasing an additional 14,766 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Centerra Gold during the second quarter valued at $37,142,000. Finally, Neumeier Poma Investment Counsel LLC bought a new stake in Centerra Gold during the second quarter valued at $32,524,070. Institutional investors and hedge funds own 55.40% of the company’s stock.
About Centerra Gold
Centerra Gold Inc is a Canadian mining company that acquires, explores, develops, and operates mineral properties, with a focus on gold and copper. Its principal producing assets include the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in Türkiye.
The company also owns the Thompson Creek molybdenum mine in Idaho, which is on care and maintenance, and the Langeloth metallurgical facility in Pennsylvania. These assets give Centerra exposure to both precious and industrial metals.
Founded in 2004 and headquartered in Toronto, Centerra formerly operated the Kumtor gold mine in the Kyrgyz Republic.
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