Charles Schwab Investment Management Inc. Sells 100,264 Shares of Centerra Gold Inc. (NYSE:CGAU)

Charles Schwab Investment Management Inc. decreased its position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 8.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,039,524 shares of the company's stock after selling 100,264 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.49% of Centerra Gold worth $7,471,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC bought a new stake in Centerra Gold during the 3rd quarter worth approximately $57,000. Vanguard Personalized Indexing Management LLC raised its position in Centerra Gold by 12.3% during the 2nd 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 last quarter. DekaBank Deutsche Girozentrale acquired a new position in Centerra Gold during the 2nd quarter worth about $131,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Centerra Gold in the 2nd quarter valued at about $154,000. Finally, Toronto Dominion Bank increased its stake in shares of Centerra Gold by 184.6% in the second quarter. Toronto Dominion Bank now owns 27,614 shares of the company's stock valued at $186,000 after buying an additional 17,912 shares during the period. Institutional investors own 55.40% of the company's stock.

Centerra Gold Price Performance

Shares of Centerra Gold stock traded down $0.19 on Thursday, hitting $5.89. 608,783 shares of the company's stock traded hands, compared to its average volume of 665,029. The company has a fifty day moving average of $6.54 and a two-hundred day moving average of $6.77. Centerra Gold Inc. has a one year low of $4.47 and a one year high of $7.82. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 12.27 and a beta of 0.89.

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 analysts' consensus estimates of $0.20 by ($0.02). Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. The business had revenue of $323.93 million for the quarter. During the same quarter last year, the firm earned $0.20 EPS. Equities research analysts anticipate that Centerra Gold Inc. will post 0.79 earnings per share for the current year.

Centerra Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.052 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.21 annualized dividend and a dividend yield of 3.53%. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's dividend payout ratio is currently 41.67%.

Wall Street Analyst Weigh In

Separately, Desjardins raised Centerra Gold to a "moderate buy" rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $11.00.

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.