Bank of New York Mellon Corp Has $80,000 Holdings in Centerra Gold Inc. (NYSE:CGAU)

Bank of New York Mellon Corp lessened its stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 74.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,112 shares of the company's stock after selling 40,312 shares during the period. Bank of New York Mellon Corp's holdings in Centerra Gold were worth $80,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in Centerra Gold during the 3rd quarter valued at approximately $4,454,000. National Bank of Canada FI lifted its holdings in shares of Centerra Gold by 17.9% during the third quarter. National Bank of Canada FI now owns 608,701 shares of the company's stock worth $4,368,000 after buying an additional 92,255 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Centerra Gold by 131.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 588,681 shares of the company's stock valued at $3,346,000 after acquiring an additional 334,719 shares during the period. Geode Capital Management LLC grew its stake in shares of Centerra Gold by 378.7% in the third quarter. Geode Capital Management LLC now owns 454,939 shares of the company's stock worth $4,152,000 after acquiring an additional 359,905 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Centerra Gold by 145.6% during the third quarter. Jane Street Group LLC now owns 419,992 shares of the company's stock worth $3,015,000 after acquiring an additional 249,004 shares during the period. Institutional investors own 55.40% of the company's stock.

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Centerra Gold Trading Down 0.9 %

Shares of Centerra Gold stock traded down $0.06 during mid-day trading on Thursday, reaching $6.24. 1,356,271 shares of the stock were exchanged, compared to its average volume of 827,008. Centerra Gold Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $7.82. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 17.32 and a beta of 0.92. The firm has a 50-day simple moving average of $6.19 and a 200 day simple moving average of $6.33.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $316.92 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. On average, research analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.49%. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date was Thursday, March 13th. Centerra Gold's dividend payout ratio is presently 52.78%.

Analyst Ratings Changes

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

About Centerra Gold

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.