Centerra Gold Inc. (NYSE:CGAU) Shares Bought by National Bank of Canada FI

National Bank of Canada FI boosted its holdings in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 17.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 608,701 shares of the company's stock after buying an additional 92,255 shares during the quarter. National Bank of Canada FI owned 0.29% of Centerra Gold worth $4,368,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. U S Global Investors Inc. raised its position in Centerra Gold by 3.2% during the second quarter. U S Global Investors Inc. now owns 1,009,583 shares of the company's stock valued at $6,941,000 after acquiring an additional 31,377 shares in the last quarter. Polunin Capital Partners Ltd acquired a new position in shares of Centerra Gold in the second quarter worth about $3,758,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Centerra Gold during the 2nd quarter worth about $6,772,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Centerra Gold during the 2nd quarter valued at about $154,000. Finally, CIBC Asset Management Inc increased its stake in shares of Centerra Gold by 7.4% in the 2nd quarter. CIBC Asset Management Inc now owns 267,307 shares of the company's stock valued at $1,796,000 after purchasing an additional 18,359 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Desjardins raised Centerra Gold to a "moderate buy" rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $11.00.

Centerra Gold Trading Down 1.0 %

NYSE:CGAU traded down $0.06 during trading hours on Friday, hitting $5.83. 791,622 shares of the stock were exchanged, compared to its average volume of 664,785. The firm's fifty day moving average price is $6.54 and its 200 day moving average price is $6.77. Centerra Gold Inc. has a 52-week low of $4.47 and a 52-week high of $7.82. The company has a market cap of $1.23 billion, a P/E ratio of 12.27 and a beta of 0.89.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The firm had revenue of $323.93 million during the quarter. Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. During the same quarter in the prior year, the firm earned $0.20 EPS. Equities analysts expect that Centerra Gold Inc. will post 0.79 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $0.052 dividend. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.21 dividend on an annualized basis and a yield of 3.57%. Centerra Gold's dividend payout ratio is presently 43.75%.

Centerra Gold 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.