Analysts Set Centerra Gold Inc. (NYSE:CGAU) Price Target at $11.00

Shares of Centerra Gold Inc. (NYSE:CGAU) have received a consensus recommendation of “Moderate Buy” from the four brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $11.00.

A number of research analysts recently issued reports on the stock. Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Scotiabank reduced their price objective on shares of Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a research report on Wednesday.

Institutional Trading of Centerra Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in CGAU. CWM LLC bought a new position in Centerra Gold in the third quarter valued at $57,000. SG Americas Securities LLC purchased a new stake in shares of Centerra Gold during the fourth quarter worth about $59,000. Capstone Investment Advisors LLC purchased a new stake in Centerra Gold in the third quarter worth about $89,000. Vanguard Personalized Indexing Management LLC lifted its holdings 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 worth $96,000 after buying an additional 1,573 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in Centerra Gold in the third quarter worth about $127,000. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Stock Performance

CGAU stock opened at $5.83 on Thursday. The company’s 50-day simple moving average is $5.88 and its 200 day simple moving average is $6.57. Centerra Gold has a 52 week low of $4.47 and a 52 week high of $7.82. The company has a market capitalization of $1.22 billion, a PE ratio of 12.14 and a beta of 0.90.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $323.93 million for the quarter. Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. During the same period last year, the company earned $0.20 earnings per share. On average, analysts forecast that Centerra Gold will post 0.77 EPS for the current year.

Centerra Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.052 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a dividend yield of 3.57%. Centerra Gold’s payout ratio is presently 45.83%.

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.