Centerra Gold Inc. (NYSE:CGAU) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Centerra Gold Inc. (NYSE:CGAU - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $11.00.

Several equities research analysts have weighed in on the stock. Cibc World Mkts cut shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 10th. CIBC reissued a "neutral" rating and issued a $13.00 price target (up previously from $11.00) on shares of Centerra Gold in a report on Wednesday, July 10th.

Institutional Trading of Centerra Gold

A number of hedge funds have recently modified their holdings of CGAU. Vanguard Personalized Indexing Management LLC grew its stake in Centerra Gold by 12.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company's stock valued at $96,000 after acquiring an additional 1,573 shares during the period. Hsbc Holdings PLC grew its stake in Centerra Gold by 4.1% in the second quarter. Hsbc Holdings PLC now owns 48,101 shares of the company's stock valued at $325,000 after purchasing an additional 1,895 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Centerra Gold by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 178,489 shares of the company's stock worth $1,199,000 after purchasing an additional 2,120 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Centerra Gold by 2.1% during the 4th quarter. CIBC Asset Management Inc now owns 211,525 shares of the company's stock worth $1,267,000 after purchasing an additional 4,327 shares in the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of Centerra Gold by 0.7% in the 2nd quarter. TD Asset Management Inc now owns 587,062 shares of the company's stock valued at $3,947,000 after buying an additional 4,356 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Trading Down 2.8 %

CGAU stock traded down $0.20 during trading on Monday, hitting $6.93. 624,636 shares of the stock traded hands, compared to its average volume of 615,710. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 25.67 and a beta of 0.98. Centerra Gold has a one year low of $4.47 and a one year high of $7.82. The company has a 50 day simple moving average of $6.95 and a 200 day simple moving average of $6.69.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.07. Centerra Gold had a return on equity of 10.72% and a net margin of 10.68%. The company had revenue of $282.31 million for the quarter. During the same period in the prior year, the firm posted ($0.20) EPS. As a group, analysts predict that Centerra Gold will post 0.82 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.051 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Thursday, August 15th. Centerra Gold's dividend payout ratio is 74.07%.

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.