Centerra Gold Inc. (NYSE:CGAU) Receives Average Recommendation of 'Moderate Buy' from Analysts

Centerra Gold Inc. (NYSE:CGAU – Get Free Report) has received an average rating of "Moderate Buy" from five different research firms that are currently tracking the company, according to a report from Marketbeat. Among these analysts, two have given the stock a hold rating while three others recommend buying it. The consensus 12-month price target for Centerra Gold shares is set at $11.00, based on recent updates from analysts that cover the stock.

Additionally, Desjardins raised its rating for Centerra Gold to "moderate buy" in a report released on October 31.

Institutional Investors and Centerra Gold

Several institutional investors have made adjustments to their positions in Centerra Gold recently. For example, CWM LLC purchased a new stake in the company during the third quarter, valued at approximately $57,000. Capstone Investment Advisors LLC also acquired a new position in the same period, valued at about $89,000. In the second quarter, Vanguard Personalized Indexing Management LLC boosted its stake by 12.3%, now owning 14,384 shares valued at $96,000, following an additional purchase of 1,573 shares. HighTower Advisors LLC made a new investment worth around $127,000 in the third quarter, while DekaBank Deutsche Girozentrale bought its stake in the second quarter, valued at about $131,000. Overall, institutional investors hold approximately 55.40% of the company’s outstanding shares.

Centerra Gold's Stock Performance

On Wednesday, the stock of Centerra Gold opened at $6.03. The company has a market capitalization of $1.27 billion, a price-to-earnings (PE) ratio of 12.56, and a beta value of 0.98. The 50-day moving average price for the stock is $6.78, while the two-hundred-day moving average is $6.83. Over the past year, the stock has seen a low of $4.47 and a high of $7.82.

Centerra Gold reported its latest quarterly earnings on October 31, revealing an earnings per share (EPS) of $0.18 for the quarter, which fell short of the analysts’ consensus estimate of $0.20 by $0.02. The company recorded a net margin of 8.31% and a return on equity of 10.34%, generating $323.93 million in revenue during the quarter. In the same quarter the previous year, Centerra Gold had an EPS of $0.20. Analysts predict that Centerra Gold will achieve an EPS of $0.79 for the current fiscal year.

Dividend Declaration by Centerra Gold

Centerra Gold also declared a quarterly dividend payment, which was distributed on November 27. Shareholders who owned shares by November 13 received a dividend of $0.052 per share. This marks an increase from the prior dividend of $0.05 per quarter. The annualized dividend now stands at $0.21, yielding 3.45%. Centerra Gold’s payout ratio is reported to be 41.67%.

About Centerra Gold Inc.

Centerra Gold Inc. is a gold mining company focused on the acquisition, exploration, development, and operation of gold and copper properties both in North America and internationally, including Turkey. The company specializes in exploring gold, copper, and molybdenum deposits. Its flagship projects include the Mount Milligan gold-copper mine, which it owns 100% in British Columbia, Canada, and the Öksüt gold mine located in Turkey.

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Centerra, Gold, Stocks