Centerra Gold (NYSE:CGAU) Rating Lowered to “Hold” at Wall Street Zen

Centerra Gold (NYSE:CGAU) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

CGAU has been the subject of several other research reports. Weiss Ratings restated a “buy (b)” rating on shares of Centerra Gold in a research note on Friday, March 27th. Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

Centerra Gold Trading Up 0.2%

Centerra Gold stock opened at $16.21 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.60 and a debt-to-equity ratio of 0.06. Centerra Gold has a 12 month low of $6.71 and a 12 month high of $21.17. The stock’s 50 day simple moving average is $16.29 and its two-hundred day simple moving average is $17.48. The firm has a market cap of $3.21 billion, a PE ratio of 5.23, a P/E/G ratio of 0.61 and a beta of 0.81.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $484.70 million for the quarter, compared to the consensus estimate of $373.47 million. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. Analysts anticipate that Centerra Gold will post 1.61 earnings per share for the current year.

Institutional Trading of Centerra Gold

A number of institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. increased its position in shares of Centerra Gold by 63.0% during the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock worth $34,000 after purchasing an additional 1,839 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Centerra Gold in the fourth quarter valued at about $36,000. Leonteq Securities AG acquired a new stake in shares of Centerra Gold in the fourth quarter valued at about $72,000. Dynamic Technology Lab Private Ltd purchased a new stake in Centerra Gold during the 1st quarter valued at about $97,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Centerra Gold in the 4th quarter valued at about $100,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Centerra Gold Company Profile

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.