Centerra Gold Inc. (NYSE:CGAU) Given Average Rating of “Hold” by Brokerages

Centerra Gold Inc. (NYSE:CGAU) has earned an average recommendation of “Hold” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.70.

Several research firms have recently issued reports on CGAU. CIBC upgraded shares of Centerra Gold from an “underperform” rating to a “neutral” rating in a research report on Wednesday, August 11th. Raymond James reduced their price objective on shares of Centerra Gold from C$11.00 to C$10.50 and set a “market perform” rating on the stock in a research report on Wednesday. TheStreet upgraded shares of Centerra Gold from a “c+” rating to a “b-” rating in a research report on Monday. Zacks Investment Research upgraded shares of Centerra Gold from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, National Bank Financial lifted their price objective on shares of Centerra Gold from C$11.50 to C$12.00 and gave the company an “outperform” rating in a research report on Friday, September 10th.

NYSE CGAU traded up $0.02 on Friday, reaching $7.80. 10,118 shares of the stock were exchanged, compared to its average volume of 68,150. Centerra Gold has a one year low of $6.64 and a one year high of $12.80. The firm has a market cap of $2.31 billion and a price-to-earnings ratio of -5.89. The firm’s 50-day moving average price is $7.29.

Centerra Gold (NYSE:CGAU) last released its earnings results on Monday, August 9th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. Centerra Gold had a negative net margin of 25.45% and a positive return on equity of 19.28%. The company had revenue of $202.26 million for the quarter. Sell-side analysts forecast that Centerra Gold will post 0.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 8th. Investors of record on Wednesday, August 25th were issued a $0.0556 dividend. The ex-dividend date was Tuesday, August 24th. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.85%. Centerra Gold’s dividend payout ratio (DPR) is 14.19%.

Several hedge funds have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Centerra Gold during the second quarter worth $84,000. Great West Life Assurance Co. Can purchased a new position in Centerra Gold during the second quarter worth $103,000. Alliancebernstein L.P. purchased a new position in Centerra Gold during the second quarter worth $136,000. Creative Planning purchased a new position in Centerra Gold during the second quarter worth $152,000. Finally, Prudential PLC purchased a new position in Centerra Gold during the second quarter worth $157,000. 35.26% of the stock is owned by hedge funds and other institutional investors.

About Centerra Gold

Centerra Gold, Inc engages in the operation, development, exploration and acquisition of gold and copper properties. It operates through the following segments: Kumtor, Mount Milligan, and Öksüt. The company was founded on November 7, 2002 and is headquartered in Toronto, Canada.

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Analyst Recommendations for Centerra Gold (NYSE:CGAU)

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