Analysts Set Centerra Gold Inc. (NYSE:CGAU) Price Target at $16.67

Shares of Centerra Gold Inc. (NYSE:CGAU) have received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $16.6667.

Several research analysts have recently commented on CGAU shares. Scotiabank boosted their price objective on Centerra Gold from $19.00 to $21.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Centerra Gold in a report on Friday, March 27th. Wall Street Zen lowered Centerra Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 25th. Finally, Zacks Research lowered Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th.

Centerra Gold Stock Up 0.9%

Shares of NYSE CGAU opened at $16.90 on Friday. Centerra Gold has a 12 month low of $6.71 and a 12 month high of $21.17. The company has a current ratio of 2.41, a quick ratio of 1.60 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 5.45, a PEG ratio of 0.80 and a beta of 0.79. The business has a 50-day moving average of $17.96 and a 200-day moving average of $16.85.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Centerra Gold had a return on equity of 14.90% and a net margin of 40.32%.The company had revenue of $484.70 million during the quarter, compared to analyst estimates of $373.47 million. Sell-side analysts expect that Centerra Gold will post 1.79 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.28 annualized dividend and a yield of 1.7%. Centerra Gold’s dividend payout ratio is currently 6.77%.

Institutional Trading of Centerra Gold

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new stake in Centerra Gold in the fourth quarter worth approximately $36,000. Burkett Financial Services LLC purchased a new stake in Centerra Gold in the third quarter worth approximately $30,000. TD Waterhouse Canada Inc. boosted its stake in Centerra Gold by 1,106.5% in the third quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company’s stock worth $33,000 after buying an additional 2,733 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Centerra Gold by 63.0% in the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock worth $34,000 after buying an additional 1,839 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in Centerra Gold in the fourth quarter worth approximately $72,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Centerra Gold Company Profile

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.