Centerra Gold (NYSE:CGAU) Hits New 1-Year Low - Here's Why

Shares of Centerra Gold Inc. (NYSE:CGAU - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $5.46 and last traded at $5.51, with a volume of 726373 shares changing hands. The stock had previously closed at $5.76.

Analyst Ratings Changes

Several research analysts have recently weighed in on CGAU shares. Desjardins downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 13th. Scotiabank reduced their target price on Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating for the company in a report on Wednesday, January 15th. Finally, Cormark lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $11.00.

Centerra Gold Stock Performance

The business's 50 day simple moving average is $6.10 and its 200-day simple moving average is $6.43. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 15.27 and a beta of 0.92.

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

Centerra Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.09%. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, March 13th. Centerra Gold's payout ratio is currently 52.78%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CGAU. Vise Technologies Inc. bought a new position in Centerra Gold during the fourth quarter valued at about $58,000. SG Americas Securities LLC bought a new stake in Centerra Gold during the fourth quarter worth approximately $59,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Centerra Gold in the fourth quarter worth $60,000. Susquehanna Advisors Group Inc. bought a new stake in shares of Centerra Gold during the 4th quarter worth $61,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Centerra Gold in the 4th quarter valued at $79,000. 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.

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