Centerra Gold Inc. (NYSE:CGAU) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 34.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,291,860 shares of the company's stock after acquiring an additional 836,777 shares during the quarter. American Century Companies Inc. owned 1.57% of Centerra Gold worth $18,733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of Centerra Gold in the 4th quarter worth $59,000. Wilmington Savings Fund Society FSB purchased a new stake in Centerra Gold in the fourth quarter worth about $80,000. Capstone Investment Advisors LLC purchased a new position in Centerra Gold during the 3rd quarter valued at about $89,000. HighTower Advisors LLC bought a new stake in shares of Centerra Gold in the 3rd quarter valued at about $127,000. Finally, Entropy Technologies LP purchased a new stake in shares of Centerra Gold in the 4th quarter worth approximately $177,000. Hedge funds and other institutional investors own 55.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. CIBC reiterated a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. National Bank Financial upgraded shares of Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Cormark downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Desjardins cut Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, Scotiabank reduced their price target on shares of Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating for the company in a research report on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Centerra Gold has an average rating of "Moderate Buy" and an average price target of $11.00.

Remove Ads

Centerra Gold Price Performance

CGAU stock traded down $0.09 during trading on Tuesday, hitting $6.26. 666,526 shares of the company traded hands, compared to its average volume of 822,053. The stock's 50-day simple moving average is $6.18 and its 200 day simple moving average is $6.33. The company has a market cap of $1.31 billion, a PE ratio of 17.39 and a beta of 0.92. Centerra Gold Inc. has a 1 year low of $5.46 and a 1 year high of $7.82.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The firm had revenue of $302.40 million during the quarter, compared to analyst estimates of $316.92 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. Research analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.47%. The ex-dividend date was Thursday, March 13th. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's payout ratio is presently 52.78%.

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.