Analysts Set Centerra Gold Inc. (NYSE:CGAU) PT at $11.00

Centerra Gold Inc. (NYSE:CGAU - Get Free Report) has earned an average recommendation of "Moderate Buy" from the four analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $11.00.

Several research analysts have issued reports on the stock. Desjardins upgraded shares of Centerra Gold to a "moderate buy" rating in a report on Thursday, October 31st. Scotiabank lowered their price target on shares of Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating for the company in a report on Wednesday, January 15th.

Centerra Gold Trading Down 0.8 %

NYSE:CGAU traded down $0.06 during mid-day trading on Monday, hitting $6.61. 868,990 shares of the company's stock were exchanged, compared to its average volume of 691,127. The company has a 50 day simple moving average of $6.01 and a 200-day simple moving average of $6.51. Centerra Gold has a fifty-two week low of $4.60 and a fifty-two week high of $7.82. The firm has a market capitalization of $1.39 billion, a P/E ratio of 13.76 and a beta of 0.91.

Institutional Trading of Centerra Gold

Several hedge funds have recently modified their holdings of CGAU. The Manufacturers Life Insurance Company increased its stake in shares of Centerra Gold by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 178,489 shares of the company's stock valued at $1,199,000 after acquiring an additional 2,120 shares in the last quarter. CWM LLC bought a new stake in shares of Centerra Gold in the 3rd quarter valued at $57,000. Semanteon Capital Management LP increased its stake in shares of Centerra Gold by 152.3% in the 3rd quarter. Semanteon Capital Management LP now owns 46,972 shares of the company's stock valued at $336,000 after acquiring an additional 28,358 shares in the last quarter. Integrated Advisors Network LLC bought a new stake in shares of Centerra Gold in the 3rd quarter valued at $367,000. Finally, Old West Investment Management LLC increased its stake in Centerra Gold by 100.0% during the 3rd quarter. Old West Investment Management LLC now owns 400,000 shares of the company's stock valued at $2,864,000 after purchasing an additional 200,000 shares in the last quarter. 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.