Centerra Gold Inc. (NYSE:CGAU) Given Average Recommendation of “Moderate Buy” by Brokerages

Centerra Gold Inc. (NYSE:CGAU) has been assigned an average rating of “Moderate Buy” from the five research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $11.00.

Separately, Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st.

Institutional Investors Weigh In On Centerra Gold

Several hedge funds have recently made changes to their positions in CGAU. CWM LLC bought a new position in shares of Centerra Gold during the 3rd quarter worth about $57,000. Capstone Investment Advisors LLC acquired a new position in shares of Centerra Gold during the third quarter worth approximately $89,000. Vanguard Personalized Indexing Management LLC boosted its position in Centerra Gold by 12.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock valued at $96,000 after buying an additional 1,573 shares during the last quarter. HighTower Advisors LLC bought a new position in Centerra Gold in the third quarter valued at about $127,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Centerra Gold in the 2nd quarter valued at about $131,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Price Performance

NYSE:CGAU opened at $6.03 on Wednesday. The stock has a market cap of $1.27 billion, a PE ratio of 12.56 and a beta of 0.98. The stock’s 50-day moving average is $6.78 and its two-hundred day moving average is $6.83. Centerra Gold has a fifty-two week low of $4.47 and a fifty-two week high of $7.82.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. The company had revenue of $323.93 million for the quarter. During the same quarter in the prior year, the company posted $0.20 EPS. On average, equities research analysts anticipate that Centerra Gold will post 0.79 earnings per share for the current year.

Centerra Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.052 per share. 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 dividend on an annualized basis and a dividend yield of 3.45%. Centerra Gold’s payout ratio is 41.67%.

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.