Barclays PLC Buys 55,444 Shares of Centerra Gold Inc. (NYSE:CGAU)

Barclays PLC raised its stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 284.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,930 shares of the company's stock after acquiring an additional 55,444 shares during the quarter. Barclays PLC's holdings in Centerra Gold were worth $537,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CGAU. CWM LLC acquired a new position in shares of Centerra Gold in the 3rd quarter worth approximately $57,000. Capstone Investment Advisors LLC acquired a new position in Centerra Gold in the third quarter worth $89,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Centerra Gold by 12.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company's stock worth $96,000 after purchasing an additional 1,573 shares during the period. HighTower Advisors LLC bought a new stake in Centerra Gold during the third quarter valued at $127,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Centerra Gold in the 2nd quarter worth about $131,000. 55.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CGAU has been the topic of a number of research reports. Desjardins upgraded Centerra Gold to a "moderate buy" rating in a research report on Thursday, October 31st. Scotiabank dropped 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. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $11.00.

Centerra Gold Trading Down 0.3 %

CGAU stock traded down $0.02 during trading hours on Friday, hitting $5.83. 653,238 shares of the stock traded hands, compared to its average volume of 932,529. The stock has a 50-day simple moving average of $5.88 and a 200 day simple moving average of $6.57. Centerra Gold Inc. has a one year low of $4.47 and a one year high of $7.82. The company has a market cap of $1.22 billion, a P/E ratio of 12.14 and a beta of 0.90.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $323.93 million during the quarter. Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. During the same quarter last year, the business posted $0.20 EPS. Analysts forecast that Centerra Gold Inc. will post 0.77 earnings per share for the current year.

Centerra Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.052 dividend. This represents a $0.21 annualized dividend and a yield of 3.57%. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, November 13th. Centerra Gold's payout ratio is currently 45.83%.

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.