Centerra Gold Inc. (NYSE:CGAU) Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,586,047 shares of the company's stock after buying an additional 160,507 shares during the quarter. Invesco Ltd. owned about 0.76% of Centerra Gold worth $9,025,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Aristides Capital LLC increased its stake in Centerra Gold by 164.1% during the fourth quarter. Aristides Capital LLC now owns 81,018 shares of the company's stock worth $461,000 after acquiring an additional 50,336 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Centerra Gold by 90.2% during the 4th quarter. Russell Investments Group Ltd. now owns 896,254 shares of the company's stock valued at $5,098,000 after buying an additional 425,041 shares during the period. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Centerra Gold in the fourth quarter worth $614,000. Prudential PLC purchased a new position in Centerra Gold during the fourth quarter worth $277,000. Finally, Donald Smith & CO. Inc. increased its position in Centerra Gold by 30.1% during the fourth quarter. Donald Smith & CO. Inc. now owns 8,723,060 shares of the company's stock valued at $49,634,000 after acquiring an additional 2,017,756 shares during the last quarter. Institutional investors own 55.40% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on CGAU shares. Raymond James reiterated an "outperform" rating on shares of Centerra Gold in a report on Friday, April 4th. Desjardins cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 13th. Cormark downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. CIBC reiterated a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. Finally, Scotiabank reiterated an "outperform" rating on shares of Centerra Gold in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Centerra Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

Centerra Gold Stock Down 1.8 %

Shares of Centerra Gold stock traded down $0.12 on Friday, hitting $6.62. 736,457 shares of the company were exchanged, compared to its average volume of 851,842. Centerra Gold Inc. has a 1-year low of $5.41 and a 1-year high of $7.82. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 18.39 and a beta of 0.81. The company has a 50-day moving average price of $6.18 and a 200 day moving average price of $6.24.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted 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). Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The company had revenue of $302.40 million for the quarter, compared to analysts' expectations of $316.92 million. Research analysts forecast that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Increases Dividend

The company 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 is a boost from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date was Thursday, March 13th. This represents a $0.28 annualized dividend and a dividend yield of 4.23%. Centerra Gold's dividend payout ratio is 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.