Edmond DE Rothschild Holding S.A. Has $11.44 Million Stock Holdings in Centerra Gold Inc. (NYSE:CGAU)

Edmond DE Rothschild Holding S.A. cut its stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,011,582 shares of the company's stock after selling 146,084 shares during the period. Edmond DE Rothschild Holding S.A. owned approximately 0.96% of Centerra Gold worth $11,436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Centerra Gold by 8.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,308 shares of the company's stock valued at $419,000 after purchasing an additional 4,373 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in Centerra Gold by 11.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company's stock valued at $284,000 after purchasing an additional 5,000 shares in the last quarter. Toronto Dominion Bank increased its stake in Centerra Gold by 22.8% in the 3rd quarter. Toronto Dominion Bank now owns 33,921 shares of the company's stock valued at $243,000 after buying an additional 6,307 shares during the last quarter. SG Americas Securities LLC bought a new stake in Centerra Gold during the 4th quarter worth about $59,000. Finally, Capstone Investment Advisors LLC bought a new stake in Centerra Gold during the 3rd quarter worth about $89,000. Institutional investors own 55.40% of the company's stock.

Wall Street Analysts Forecast Growth

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

Centerra Gold Stock Performance

Shares of NYSE CGAU traded down $0.59 during midday trading on Friday, reaching $5.63. The stock had a trading volume of 1,197,976 shares, compared to its average volume of 828,369. The company's 50 day moving average price is $6.18 and its 200 day moving average price is $6.31. Centerra Gold Inc. has a twelve month low of $5.46 and a twelve month high of $7.82. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 15.63 and a beta of 0.81.

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

Centerra Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.07 dividend. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date was Thursday, March 13th. Centerra Gold's payout ratio is presently 52.78%.

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.