Centerra Gold Inc. (NYSE:CGAU) Position Cut by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its holdings in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 5.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 985,313 shares of the company's stock after selling 54,211 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.47% of Centerra Gold worth $5,604,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Centerra Gold in the fourth quarter worth about $59,000. Wilmington Savings Fund Society FSB acquired a new position in Centerra Gold during the 4th quarter worth approximately $80,000. Capstone Investment Advisors LLC purchased a new position in Centerra Gold in the 3rd quarter worth approximately $89,000. HighTower Advisors LLC acquired a new stake in Centerra Gold in the third quarter valued at approximately $127,000. Finally, Entropy Technologies LP acquired a new stake in Centerra Gold in the fourth quarter valued at approximately $177,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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Centerra Gold Stock Down 1.0 %

Shares of CGAU traded down $0.07 during midday trading on Friday, hitting $6.35. The company had a trading volume of 997,272 shares, compared to its average volume of 823,196. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 17.63 and a beta of 0.92. The company's 50 day moving average price is $6.17 and its 200 day moving average price is $6.34. Centerra Gold Inc. has a 52 week low of $5.46 and a 52 week high of $7.82.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The firm had revenue of $302.40 million during the quarter, compared to the consensus estimate of $316.92 million. Equities analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were 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 4.41%. The ex-dividend date was Thursday, March 13th. Centerra Gold's dividend payout ratio is currently 52.78%.

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.