Allspring Global Investments Holdings LLC Has $1.83 Million Holdings in Centerra Gold Inc. (NYSE:CGAU)

Allspring Global Investments Holdings LLC reduced its stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 74.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 253,962 shares of the company's stock after selling 753,838 shares during the period. Allspring Global Investments Holdings LLC owned 0.12% of Centerra Gold worth $1,825,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC acquired a new stake in Centerra Gold in the third quarter valued at $57,000. Mackenzie Financial Corp increased its position in Centerra Gold by 111.3% during the 2nd quarter. Mackenzie Financial Corp now owns 1,493,717 shares of the company's stock worth $10,046,000 after purchasing an additional 786,688 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Centerra Gold by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 178,489 shares of the company's stock worth $1,199,000 after purchasing an additional 2,120 shares in the last quarter. AXA S.A. purchased a new stake in Centerra Gold during the 2nd quarter worth about $2,096,000. Finally, Toronto Dominion Bank increased its position in Centerra Gold by 184.6% during the 2nd quarter. Toronto Dominion Bank now owns 27,614 shares of the company's stock worth $186,000 after purchasing an additional 17,912 shares in the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Centerra Gold Price Performance

Shares of CGAU traded down $0.18 during mid-day trading on Thursday, reaching $7.08. The company had a trading volume of 980,473 shares, compared to its average volume of 627,555. Centerra Gold Inc. has a twelve month low of $4.47 and a twelve month high of $7.82. The company's 50-day moving average is $7.11 and its 200-day moving average is $6.85. The company has a market capitalization of $1.50 billion, a P/E ratio of 11.24 and a beta of 0.98.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.07. Centerra Gold had a return on equity of 10.72% and a net margin of 10.68%. The firm had revenue of $282.31 million for the quarter. During the same quarter in the previous year, the business posted ($0.20) earnings per share. As a group, equities analysts expect that Centerra Gold Inc. will post 0.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CGAU. CIBC reaffirmed a "neutral" rating and issued a $13.00 price objective (up from $11.00) on shares of Centerra Gold in a research note on Wednesday, July 10th. Cibc World Mkts lowered Centerra Gold from a "strong-buy" rating to a "hold" rating in a research report 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $11.00.

About Centerra Gold

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.