PCJ Investment Counsel Ltd. boosted its holdings in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 59.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 434,628 shares of the company's stock after purchasing an additional 162,382 shares during the quarter. PCJ Investment Counsel Ltd. owned 0.21% of Centerra Gold worth $3,120,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Quadrature Capital Ltd grew its stake in shares of Centerra Gold by 118.5% during the 1st quarter. Quadrature Capital Ltd now owns 295,800 shares of the company's stock valued at $1,742,000 after acquiring an additional 160,400 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Centerra Gold by 80.0% in the 1st quarter. Russell Investments Group Ltd. now owns 117,034 shares of the company's stock valued at $692,000 after purchasing an additional 52,014 shares during the last quarter. Old West Investment Management LLC purchased a new stake in Centerra Gold during the 2nd quarter worth about $1,344,000. Renaissance Technologies LLC grew its stake in shares of Centerra Gold by 29.0% in the 2nd quarter. Renaissance Technologies LLC now owns 327,800 shares of the company's stock valued at $2,203,000 after purchasing an additional 73,600 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Centerra Gold by 594.6% in the second quarter. Acadian Asset Management LLC now owns 8,862,170 shares of the company's stock worth $59,532,000 after acquiring an additional 7,586,370 shares during the last quarter. 55.40% of the stock is owned by institutional investors.
Centerra Gold Price Performance
Shares of CGAU traded up $0.03 on Wednesday, reaching $6.05. The company's stock had a trading volume of 648,813 shares, compared to its average volume of 657,431. The stock has a market capitalization of $1.28 billion, a P/E ratio of 12.55 and a beta of 0.98. Centerra Gold Inc. has a 12-month low of $4.47 and a 12-month high of $7.82. The stock's 50 day simple moving average is $6.91 and its two-hundred day simple moving average is $6.86.
Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $323.93 million during the quarter. Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. During the same quarter in the previous year, the company posted $0.20 EPS. Analysts expect that Centerra Gold Inc. will post 0.81 earnings per share for the current year.
Centerra Gold Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $0.052 dividend. This represents a $0.21 dividend on an annualized basis and a dividend yield of 3.44%. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date is Wednesday, November 13th. Centerra Gold's dividend payout ratio (DPR) is 41.67%.
Analysts Set New Price Targets
Separately, Desjardins raised Centerra Gold to a "moderate buy" rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $11.00.
Check Out Our Latest Report on CGAU
Centerra Gold Profile
(
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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