Centerra Gold Inc. (NYSE:CGAU) Shares Bought by Amundi

Amundi boosted its stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 168.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,628,623 shares of the company's stock after buying an additional 1,650,160 shares during the quarter. Amundi owned approximately 1.25% of Centerra Gold worth $15,377,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CGAU. SG Americas Securities LLC acquired a new stake in Centerra Gold in the 4th quarter valued at about $59,000. Capstone Investment Advisors LLC acquired a new stake in shares of Centerra Gold in the third quarter valued at approximately $89,000. Wilmington Savings Fund Society FSB purchased a new position in Centerra Gold during the fourth quarter worth approximately $80,000. HighTower Advisors LLC acquired a new position in Centerra Gold during the third quarter worth $127,000. Finally, Verition Fund Management LLC acquired a new position in Centerra Gold during the third quarter worth $206,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Price Performance

Shares of NYSE:CGAU traded up $0.17 during midday trading on Tuesday, reaching $6.15. 1,327,734 shares of the company's stock were exchanged, compared to its average volume of 769,789. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 17.07 and a beta of 0.92. Centerra Gold Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $7.82. The firm's 50 day simple moving average is $6.10 and its two-hundred day simple moving average is $6.37.

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Centerra Gold (NYSE:CGAU - Get Free Report) last issued 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). Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The company had revenue of $302.40 million during the quarter, compared to analyst estimates of $316.92 million. Equities research analysts predict that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.07 per share. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Thursday, March 13th. Centerra Gold's dividend payout ratio (DPR) is currently 52.78%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CGAU. Cormark lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. Scotiabank decreased their target price on shares of Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating on the stock in a report on Wednesday, January 15th. Finally, Desjardins cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Centerra Gold currently has a consensus rating of "Hold" and a consensus price target of $11.00.

Centerra Gold 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.