Centerra Gold Inc. (NYSE:CGAU - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $11.00.
Separately, Desjardins upgraded Centerra Gold to a "moderate buy" rating in a research note on Thursday, October 31st.
Read Our Latest Report on CGAU
Centerra Gold Stock Up 0.2 %
Shares of NYSE CGAU traded up $0.01 during mid-day trading on Friday, reaching $5.69. 5,403,866 shares of the company were exchanged, compared to its average volume of 698,066. Centerra Gold has a twelve month low of $4.47 and a twelve month high of $7.82. The stock has a market capitalization of $1.20 billion, a P/E ratio of 11.85 and a beta of 0.89. The company's 50-day simple moving average is $6.39 and its 200-day simple moving average is $6.72.
Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. The business had revenue of $323.93 million during the quarter. During the same quarter in the previous year, the business earned $0.20 EPS. As a group, equities research analysts expect that Centerra Gold will post 0.79 EPS for the current year.
Centerra Gold Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.052 per share. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.21 annualized dividend and a dividend yield of 3.66%. Centerra Gold's dividend payout ratio (DPR) is currently 41.67%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in CGAU. Acadian Asset Management LLC increased its stake in shares of Centerra Gold by 594.6% in the 2nd quarter. Acadian Asset Management LLC now owns 8,862,170 shares of the company's stock valued at $59,532,000 after purchasing an additional 7,586,370 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Centerra Gold by 36.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,390,005 shares of the company's stock valued at $31,514,000 after acquiring an additional 1,175,000 shares during the last quarter. Bank of Montreal Can raised its stake in Centerra Gold by 59.0% during the third quarter. Bank of Montreal Can now owns 3,869,035 shares of the company's stock worth $28,690,000 after acquiring an additional 1,435,794 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Centerra Gold by 132.8% in the second quarter. American Century Companies Inc. now owns 1,835,673 shares of the company's stock worth $12,345,000 after acquiring an additional 1,047,142 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Centerra Gold by 111.3% in the 2nd quarter. Mackenzie Financial Corp now owns 1,493,717 shares of the company's stock valued at $10,046,000 after purchasing an additional 786,688 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.
About Centerra Gold
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Get Free ReportCenterra 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.
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