Centerra Gold Inc. (NYSE:CGAU) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 111.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,493,717 shares of the company's stock after acquiring an additional 786,688 shares during the quarter. Mackenzie Financial Corp owned about 0.70% of Centerra Gold worth $10,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC raised its holdings in Centerra Gold by 12.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company's stock worth $96,000 after purchasing an additional 1,573 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Centerra Gold by 4.1% during the 2nd quarter. Hsbc Holdings PLC now owns 48,101 shares of the company's stock worth $325,000 after buying an additional 1,895 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Centerra Gold by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 178,489 shares of the company's stock valued at $1,199,000 after buying an additional 2,120 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Centerra Gold by 2.1% in the fourth quarter. CIBC Asset Management Inc now owns 211,525 shares of the company's stock valued at $1,267,000 after buying an additional 4,327 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of Centerra Gold by 0.7% in the second quarter. TD Asset Management Inc now owns 587,062 shares of the company's stock valued at $3,947,000 after buying an additional 4,356 shares in the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. CIBC reissued a "neutral" rating and issued a $13.00 target price (up previously from $11.00) on shares of Centerra Gold in a report on Wednesday, July 10th. Cibc World Mkts cut shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $11.00.

Centerra Gold Trading Up 1.3 %

Shares of CGAU stock traded up $0.09 during trading hours on Tuesday, hitting $7.26. The company's stock had a trading volume of 843,061 shares, compared to its average volume of 613,060. Centerra Gold Inc. has a twelve month low of $4.47 and a twelve month high of $7.82. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 26.87 and a beta of 0.98. The business has a fifty day moving average of $6.91 and a 200-day moving average of $6.66.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.07. The firm had revenue of $282.31 million during the quarter. Centerra Gold had a return on equity of 10.72% and a net margin of 10.68%. During the same quarter in the prior year, the business posted ($0.20) EPS. On average, equities analysts expect that Centerra Gold Inc. will post 0.82 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $0.051 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.20 dividend on an annualized basis and a yield of 2.81%. Centerra Gold's dividend payout ratio (DPR) is currently 74.07%.

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.