Public Employees Retirement System of Ohio Buys Shares of 619,698 Centerra Gold Inc. (NYSE:CGAU)

Public Employees Retirement System of Ohio acquired a new position in Centerra Gold Inc. (NYSE:CGAU - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 619,698 shares of the company's stock, valued at approximately $4,454,000. Public Employees Retirement System of Ohio owned approximately 0.29% of Centerra Gold as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. CWM LLC bought a new position in shares of Centerra Gold during the 3rd quarter valued at about $57,000. Capstone Investment Advisors LLC acquired a new stake in Centerra Gold during the third quarter valued at approximately $89,000. Vanguard Personalized Indexing Management LLC boosted 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 buying an additional 1,573 shares in the last quarter. HighTower Advisors LLC acquired a new position in Centerra Gold in the third quarter worth approximately $127,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Centerra Gold in the second quarter worth approximately $131,000. Institutional investors and hedge funds own 55.40% of the company's stock.

Centerra Gold Price Performance

Centerra Gold stock traded down $0.06 during midday trading on Friday, reaching $5.83. The stock had a trading volume of 827,199 shares, compared to its average volume of 665,702. Centerra Gold Inc. has a twelve month low of $4.47 and a twelve month high of $7.82. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 12.15 and a beta of 0.89. The firm's fifty day simple moving average is $6.51 and its two-hundred day simple moving average is $6.76.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $323.93 million for the quarter. Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. During the same quarter last year, the company earned $0.20 EPS. As a group, sell-side analysts predict that Centerra Gold Inc. will post 0.79 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.052 per share. This is a boost from Centerra Gold's previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Wednesday, November 13th. Centerra Gold's dividend payout ratio (DPR) is currently 41.67%.

Analyst Ratings Changes

Separately, Desjardins raised Centerra Gold to a "moderate buy" rating in a research note 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $11.00.

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.