Centerra Gold Inc. (NYSE:CGAU) Receives $11.00 Consensus PT from Analysts

Shares of Centerra Gold Inc. (NYSE:CGAU - Get Free Report) have received a consensus rating of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $11.00.

A number of equities analysts have recently weighed in on CGAU shares. Cormark lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Desjardins cut Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 13th. National Bank Financial raised shares of Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. Scotiabank lowered their price target on shares of Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, January 15th. Finally, CIBC reissued a "neutral" rating on shares of Centerra Gold in a report on Thursday, March 20th.

Institutional Investors Weigh In On Centerra Gold

A number of large investors have recently bought and sold shares of the company. PKO Investment Management Joint Stock Co bought a new stake in shares of Centerra Gold during the 4th quarter worth approximately $825,000. Integrated Advisors Network LLC raised its position in Centerra Gold by 35.9% during the fourth quarter. Integrated Advisors Network LLC now owns 69,600 shares of the company's stock valued at $396,000 after purchasing an additional 18,400 shares in the last quarter. Mackenzie Financial Corp raised its position in Centerra Gold by 14.9% during the fourth quarter. Mackenzie Financial Corp now owns 2,075,826 shares of the company's stock valued at $11,800,000 after purchasing an additional 269,228 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in Centerra Gold during the fourth quarter worth $244,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Centerra Gold by 0.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 625,233 shares of the company's stock valued at $3,557,000 after purchasing an additional 5,535 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Trading Down 9.4 %

Shares of NYSE:CGAU traded down $0.59 on Tuesday, hitting $5.63. The company had a trading volume of 1,197,976 shares, compared to its average volume of 828,369. The stock has a 50 day moving average price of $6.18 and a 200 day moving average price of $6.31. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 15.63 and a beta of 0.81. Centerra Gold has a 1-year low of $5.46 and a 1-year high of $7.82.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The company had revenue of $302.40 million during the quarter, compared to analyst estimates of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. Sell-side analysts anticipate that Centerra Gold will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date was Thursday, March 13th. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's payout ratio is 52.78%.

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.