Brokerages Set Centerra Gold Inc. (NYSE:CGAU) PT at $11.00

Centerra Gold Inc. (NYSE:CGAU) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, 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 brokerages that have issued ratings on the stock in the last year is $11.00.

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

Hedge Funds Weigh In On Centerra Gold

A number of institutional investors and hedge funds have recently bought and sold shares of CGAU. CWM LLC bought a new position in Centerra Gold during the 3rd quarter valued at $57,000. Capstone Investment Advisors LLC bought a new position in Centerra Gold during the third quarter valued at about $89,000. Vanguard Personalized Indexing Management LLC grew its holdings in Centerra Gold by 12.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock worth $96,000 after acquiring an additional 1,573 shares during the period. HighTower Advisors LLC bought a new stake in Centerra Gold in the third quarter worth about $127,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in 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

CGAU opened at $5.62 on Friday. The stock has a market capitalization of $1.18 billion, a PE ratio of 11.71 and a beta of 0.89. The firm’s fifty day moving average price is $6.36 and its 200 day moving average price is $6.70. Centerra Gold has a 12-month low of $4.47 and a 12-month high of $7.82.

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

Centerra Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a yield of 3.70%. 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. 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.