Centerra Gold (NYSE:CGAU) PT Raised to $9.00

Centerra Gold (NYSE:CGAU) had its price objective boosted by research analysts at Scotiabank from $8.00 to $9.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 28.30% from the company’s previous close.

Several other brokerages have also recently commented on CGAU. CIBC upped their target price on Centerra Gold from $9.50 to $11.00 and gave the company an “outperformer” rating in a report on Monday, April 15th. BMO Capital Markets initiated coverage on shares of Centerra Gold in a research report on Wednesday, February 21st. They issued an “outperform” rating on the stock. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of Centerra Gold in a research note on Monday, April 8th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Centerra Gold has a consensus rating of “Buy” and an average price target of $9.34.

Centerra Gold Stock Performance

Shares of CGAU stock opened at $7.02 on Thursday. Centerra Gold has a fifty-two week low of $4.47 and a fifty-two week high of $7.51. The company has a market cap of $1.51 billion, a PE ratio of 25.98 and a beta of 0.94. The stock’s fifty day moving average price is $6.25 and its two-hundred day moving average price is $5.79.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $305.88 million during the quarter. Centerra Gold had a net margin of 4.99% and a return on equity of 5.61%. During the same period last year, the firm posted ($0.24) earnings per share. On average, equities analysts predict that Centerra Gold will post 0.77 EPS for the current fiscal year.

Institutional Trading of Centerra Gold

Institutional investors have recently modified their holdings of the business. Donald Smith & CO. Inc. grew its holdings in shares of Centerra Gold by 27.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 9,879,956 shares of the company’s stock worth $58,885,000 after purchasing an additional 2,156,920 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Centerra Gold by 99.6% in the 3rd quarter. American Century Companies Inc. now owns 1,135,677 shares of the company’s stock worth $5,552,000 after purchasing an additional 566,652 shares during the period. Vanguard Group Inc. boosted its position in Centerra Gold by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 8,031,893 shares of the company’s stock valued at $39,356,000 after acquiring an additional 220,263 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Centerra Gold by 818.1% during the third quarter. Deutsche Bank AG now owns 169,704 shares of the company’s stock valued at $832,000 after purchasing an additional 151,220 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Centerra Gold by 1.2% in the 4th quarter. Van ECK Associates Corp now owns 20,482,153 shares of the company’s stock worth $122,339,000 after buying an additional 244,155 shares during the period. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

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.