Raymond James Financial Inc. acquired a new position in Centerra Gold Inc. (NYSE:CGAU - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 47,102 shares of the company's stock, valued at approximately $268,000.
A number of other large investors have also modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of Centerra Gold in the 4th quarter valued at $59,000. Wilmington Savings Fund Society FSB purchased a new stake in Centerra Gold in the 4th quarter worth approximately $80,000. HighTower Advisors LLC purchased a new position in shares of Centerra Gold during the 3rd quarter valued at approximately $127,000. Entropy Technologies LP acquired a new position in shares of Centerra Gold in the 4th quarter valued at $177,000. Finally, Verition Fund Management LLC purchased a new stake in Centerra Gold during the third quarter worth $206,000. Hedge funds and other institutional investors own 55.40% of the company's stock.
Centerra Gold Stock Performance
Shares of NYSE CGAU traded up $0.26 during midday trading on Wednesday, reaching $7.09. 187,745 shares of the stock were exchanged, compared to its average volume of 903,711. The company has a 50 day simple moving average of $6.14 and a 200 day simple moving average of $6.25. The stock has a market capitalization of $1.49 billion, a P/E ratio of 19.68 and a beta of 0.81. Centerra Gold Inc. has a twelve month low of $5.41 and a twelve month high of $7.82.
Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The company had revenue of $302.40 million during the quarter, compared to analyst estimates of $316.92 million. On average, research analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current year.
Centerra Gold Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.95%. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's payout ratio is presently 52.78%.
Wall Street Analysts Forecast Growth
CGAU has been the topic of several recent analyst reports. Scotiabank reissued an "outperform" rating on shares of Centerra Gold in a research note on Monday. National Bankshares reaffirmed an "outperform" rating on shares of Centerra Gold in a research note on Wednesday, April 2nd. Desjardins lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. Cormark downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, National Bank Financial raised Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Centerra Gold has an average rating of "Moderate Buy" and a consensus target price of $12.00.
Read Our Latest Research Report on CGAU
Centerra Gold Company Profile
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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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