Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in Centerra Gold Inc. (NYSE:CGAU - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 42,900 shares of the company's stock, valued at approximately $244,000. Centerra Gold comprises 0.3% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings, making the stock its 19th largest holding.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGAU. SG Americas Securities LLC purchased a new stake in shares of Centerra Gold during the fourth quarter valued at approximately $59,000. Wilmington Savings Fund Society FSB purchased a new stake in Centerra Gold during the 4th quarter valued at $80,000. Capstone Investment Advisors LLC purchased a new stake in Centerra Gold during the 3rd quarter valued at $89,000. HighTower Advisors LLC bought a new stake in shares of Centerra Gold in the 3rd quarter worth $127,000. Finally, Entropy Technologies LP purchased a new position in shares of Centerra Gold in the fourth quarter worth $177,000. Institutional investors own 55.40% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on CGAU. Desjardins lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 13th. CIBC reaffirmed a "neutral" rating on shares of Centerra Gold in a report on Thursday, March 20th. National Bank Financial upgraded shares of Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. Cormark lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Scotiabank lowered their target price on Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Centerra Gold currently has an average rating of "Moderate Buy" and an average price target of $11.00.
Read Our Latest Research Report on CGAU
Centerra Gold Stock Performance
Shares of NYSE CGAU traded down $0.09 during midday trading on Tuesday, reaching $6.26. The stock had a trading volume of 574,015 shares, compared to its average volume of 821,686. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 17.39 and a beta of 0.92. The stock has a 50-day moving average of $6.18 and a 200-day moving average of $6.33. Centerra Gold Inc. has a 12-month low of $5.46 and a 12-month high of $7.82.
Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $302.40 million during the quarter, compared to analysts' expectations of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. As a group, analysts forecast that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.
Centerra Gold Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.47%. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, March 13th. Centerra Gold's dividend payout ratio is presently 52.78%.
About Centerra Gold
(
Free Report)
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.
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