Centerra Gold (NYSE:CGAU) Reaches New 1-Year Low - Time to Sell?

Centerra Gold Inc. (NYSE:CGAU - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $5.41 and last traded at $5.55, with a volume of 46602 shares changing hands. The stock had previously closed at $5.61.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Scotiabank cut their price objective on 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. Desjardins cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. Raymond James reiterated an "outperform" rating on shares of Centerra Gold in a report on Friday, April 4th. Cormark downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, CIBC reaffirmed a "neutral" rating on shares of Centerra Gold in a research report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Centerra Gold presently has an average rating of "Moderate Buy" and a consensus target price of $11.00.

Centerra Gold Price Performance

The firm has a fifty day moving average of $6.14 and a two-hundred day moving average of $6.26. The stock has a market capitalization of $1.38 billion, a P/E ratio of 18.33 and a beta of 0.81.

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Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly 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 business had revenue of $302.40 million during the quarter, compared to analysts' expectations of $316.92 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. As a group, sell-side analysts forecast that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.24%. Centerra Gold's dividend payout ratio (DPR) is currently 52.78%.

Institutional Investors Weigh In On Centerra Gold

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