November 24, 2016 - By Ellis Scott
Research analysts at TD Securities have $8.00 TP on Centerra Gold (TSE:CG). TD Securities’s TP would suggest a potential upside of 15.27% from the company’s current price. The rating was released in a note on 24 November.
Out of 8 analysts covering Centerra Gold Inc. (TSE:CG), 2 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 25% are positive. $10 is the highest target while $6 is the lowest. The $8.51 average target is 22.62% above today’s ($6.94) stock price. Centerra Gold Inc. has been the topic of 26 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Centerra Gold Inc. (TSE:CG) earned “Sector Perform” rating by RBC Capital Markets on Monday, August 24. TheStreet downgraded Centerra Gold Inc. (TSE:CG) on Wednesday, August 19 to “Sell” rating. On Thursday, November 17 the stock rating was maintained by Scotia Capital with “Sector Perform”. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, January 13. The firm earned “Sector Perform” rating on Thursday, January 7 by RBC Capital Markets. RBC Capital Markets maintained Centerra Gold Inc. (TSE:CG) on Tuesday, November 8 with “Sector Perform” rating. Scotia Capital maintained Centerra Gold Inc. (TSE:CG) on Tuesday, November 8 with “Sector Perform” rating. IBC maintained Centerra Gold Inc. (TSE:CG) on Wednesday, July 6 with “Sector Perform” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, June 7. The firm has “Sector Perform” rating given on Wednesday, July 6 by RBC Capital Markets.
About 187,468 shares traded hands. Centerra Gold Inc. (TSE:CG) has declined 3.15% since April 20, 2016 and is downtrending. It has underperformed by 8.56% the S&P500.
Analysts await The Carlyle Group LP (NASDAQ:CG) to report earnings on February, 8. They expect $0.39 EPS, up 62.50% or $0.15 from last year’s $0.24 per share. CG’s profit will be $125.81M for 9.94 P/E if the $0.39 EPS becomes a reality. After $0.21 actual EPS reported by The Carlyle Group LP for the previous quarter, Wall Street now forecasts 85.71% EPS growth.
Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.29, from 1.34 in 2016Q1. The ratio dived, as 10 funds sold all Centerra Gold Inc. shares owned while 25 reduced positions. 13 funds bought stakes while 34 increased positions. They now own 31.78 million shares or 4.27% less from 33.20 million shares in 2016Q1.
Moreover, Texas Yale has 0.19% invested in Centerra Gold Inc. (TSE:CG) for 116,070 shares. The California-based Wells Fargo Mn has invested 0% in Centerra Gold Inc. (TSE:CG). Blair William Il has invested 0% of its portfolio in Centerra Gold Inc. (TSE:CG). Cambridge, a Iowa-based fund reported 10,920 shares. The New York-based Okumus Fund Management Ltd has invested 14.03% in Centerra Gold Inc. (TSE:CG). Benjamin F Edwards And accumulated 0% or 90 shares. Spot Trading Ltd Limited Liability Company reported 18,002 shares or 0.01% of all its holdings. Garrison Bradford And Assocs holds 0.21% of its portfolio in Centerra Gold Inc. (TSE:CG) for 13,400 shares. Iconiq Cap Ltd Liability Corporation holds 0.05% of its portfolio in Centerra Gold Inc. (TSE:CG) for 15,550 shares. Ameriprise Financial last reported 0% of its portfolio in the stock. Advisory Serv Limited Liability holds 0.05% or 12,994 shares in its portfolio. Algebris Invests (Uk) Ltd Liability Partnership holds 1.11% of its portfolio in Centerra Gold Inc. (TSE:CG) for 400,312 shares. Hudock Capital Grp Limited Liability Company has 0% invested in the company for 200 shares. The California-based Lpl Ltd Co has invested 0.01% in Centerra Gold Inc. (TSE:CG). American Insurance Co Tx last reported 0.04% of its portfolio in the stock.
Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 3 selling transactions for $517,515 net activity. $169,333 worth of Centerra Gold Inc. (TSE:CG) was sold by Ferguson Jeffrey W.. Buser Curtis L. sold $133,782 worth of stock. $214,400 worth of shares were sold by Bentley Pamela L on Tuesday, August 2.
Centerra Gold Inc. is a Canada-based gold mining firm focused on operating, developing, exploring and acquiring gold properties in Asia, North America and other markets across the world. The company has a market cap of $1.93 billion. The Company’s exploration segment includes the activities of Lagares Project in which the activities are related to its subsidiary, Centerra Gold Inc. It has a 14.68 P/E ratio. The Company’s Kyrgyz segment includes Kumtor Gold Co. (KGC) (Kyrgyz Republic), which operates Kumtor Mine.
According to Zacks Investment Research, “The Carlyle Group is a global alternative asset manager. The Company invests across four segments: Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Its Corporate Private Equity segment advises the Company’s buyout and growth capital funds. The Real Assets segment advises the Company’s United States and internationally-focused real estate and infrastructure funds, energy and renewable resources funds. Its Global Market Strategies segment advises a group of funds that pursue investment opportunities across various types of credit, equities and alternative instruments and currencies, commodities and interest rate products and their derivatives. Its Fund of Funds Solutions segment advises a global private equity fund of funds program and related co-investment and secondary activities. The Carlyle Group is based in Washington, District of Columbia.”
The Carlyle Group L.P., incorporated on July 18, 2011, is a diversified multi-product global alternative asset management firm. The Firm advises on various investment funds and other investment vehicles that invests across a range of industries, geographies, asset classes and investment strategies, and seeks to deliver returns for its fund investors. The Firm operates in four divisions: Corporate Private Equity (CPE), Global Market Strategies (GMS), Real Assets and Investment Solutions. Across its Corporate Private Equity and Real Assets divisions, it has investments in over 250 active portfolio companies.
More recent Centerra Gold Inc. (TSE:CG) news were published by: Bloomberg.com which released: “Centerra to Buy Debt-Choked Thompson Creek in $1.1 Billion Deal” on July 05, 2016. Also Forbes.com published the news titled: “Reminder – Centerra Gold (CG) Goes Ex-Dividend Soon” on August 05, 2016. Reuters.com‘s news article titled: “BRIEF-Thompson Creek says obtains shareholder approval for arrangement wit…” with publication date: October 18, 2016 was also an interesting one.
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By Ellis Scott