Legal & General Group Plc grew its holdings in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 673,664 shares of the company's stock after purchasing an additional 37,862 shares during the quarter. Legal & General Group Plc owned 0.32% of Centerra Gold worth $3,832,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in CGAU. Invesco Ltd. grew its position in shares of Centerra Gold by 11.3% during the fourth quarter. Invesco Ltd. now owns 1,586,047 shares of the company's stock worth $9,025,000 after buying an additional 160,507 shares in the last quarter. Aristides Capital LLC lifted its stake in Centerra Gold by 164.1% in 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. grew 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 worth $5,098,000 after acquiring an additional 425,041 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Centerra Gold in the 4th quarter valued at approximately $614,000. Finally, Prudential PLC acquired a new stake in shares of Centerra Gold in the 4th quarter valued at $277,000. Institutional investors and hedge funds own 55.40% of the company's stock.
Analyst Ratings Changes
CGAU has been the subject of a number of analyst reports. Raymond James reiterated an "outperform" rating on shares of Centerra Gold in a research note on Friday, April 4th. Scotiabank reiterated an "outperform" rating on shares of Centerra Gold in a report on Monday, April 14th. Cormark cut Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. CIBC reiterated a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. Finally, National Bankshares restated an "outperform" rating on shares of Centerra Gold in a research report on Wednesday, April 2nd. Four equities research 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $12.00.
Get Our Latest Stock Report on Centerra Gold
Centerra Gold Stock Down 2.8 %
CGAU opened at $6.83 on Wednesday. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 18.97 and a beta of 0.81. Centerra Gold Inc. has a 52 week low of $5.41 and a 52 week high of $7.82. The business's 50 day moving average is $6.16 and its two-hundred day moving average is $6.24.
Centerra Gold (NYSE:CGAU - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates 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%. Equities analysts expect that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.
Centerra Gold Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.07 per share. This is an increase 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 4.10%. Centerra Gold's dividend payout ratio is 52.78%.
About Centerra Gold
(
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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