Franklin Resources Inc. cut its stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 638,445 shares of the company's stock after selling 74,807 shares during the quarter. Franklin Resources Inc. owned approximately 0.30% of Centerra Gold worth $3,628,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Centerra Gold during the fourth quarter worth approximately $59,000. Wilmington Savings Fund Society FSB acquired a new stake in Centerra Gold during the 4th quarter worth $80,000. HighTower Advisors LLC acquired a new stake in shares of Centerra Gold in the third quarter valued at about $127,000. Entropy Technologies LP acquired a new stake in shares of Centerra Gold in the fourth quarter valued at about $177,000. Finally, Verition Fund Management LLC purchased a new position in shares of Centerra Gold in the third quarter worth about $206,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.
Centerra Gold Price Performance
CGAU traded down $0.15 during trading hours on Thursday, reaching $6.89. The company's stock had a trading volume of 205,113 shares, compared to its average volume of 839,024. The stock has a market cap of $1.44 billion, a PE ratio of 19.18 and a beta of 0.81. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $7.82. The business's 50-day moving average is $6.15 and its 200-day moving average is $6.26.
Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly 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 during the quarter, compared to analyst estimates of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. Analysts expect that Centerra Gold Inc. will post 0.59 EPS for the current year.
Centerra Gold Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.07%. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, March 13th. Centerra Gold's payout ratio is 52.78%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on CGAU shares. Desjardins cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 13th. Raymond James restated an "outperform" rating on shares of Centerra Gold in a research report on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a research report on Wednesday, April 2nd. Cormark lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, National Bank Financial raised Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.00.
Get Our Latest Analysis on Centerra Gold
Centerra Gold Company Profile
(
Free Report)
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.
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