Vanguard Group Inc. Acquires 76,544 Shares of Centerra Gold Inc. (NYSE:CGAU)

Vanguard Group Inc. raised its stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,254,618 shares of the company's stock after buying an additional 76,544 shares during the quarter. Vanguard Group Inc. owned about 3.93% of Centerra Gold worth $46,977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CGAU. American Century Companies Inc. lifted its holdings in Centerra Gold by 34.1% during the 4th quarter. American Century Companies Inc. now owns 3,291,860 shares of the company's stock worth $18,733,000 after purchasing an additional 836,777 shares during the last quarter. Quantbot Technologies LP grew its position in shares of Centerra Gold by 56.9% during the 4th quarter. Quantbot Technologies LP now owns 90,664 shares of the company's stock worth $516,000 after buying an additional 32,868 shares during the period. Counterpoint Mutual Funds LLC bought a new position in shares of Centerra Gold during the 4th quarter worth about $413,000. Intact Investment Management Inc. increased its position in Centerra Gold by 35.6% in the 4th quarter. Intact Investment Management Inc. now owns 267,500 shares of the company's stock valued at $1,522,000 after buying an additional 70,200 shares in the last quarter. Finally, Amundi boosted its holdings in Centerra Gold by 168.6% in the fourth quarter. Amundi now owns 2,628,623 shares of the company's stock worth $15,377,000 after acquiring an additional 1,650,160 shares in the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CGAU shares. National Bankshares reissued an "outperform" rating on shares of Centerra Gold in a research note on Wednesday, April 2nd. National Bank Financial raised Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. Cormark downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Scotiabank reiterated an "outperform" rating on shares of Centerra Gold in a research report on Monday. Finally, Desjardins lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.00.

Centerra Gold Stock Performance

Shares of NYSE CGAU traded down $0.17 during mid-day trading on Thursday, hitting $6.87. The stock had a trading volume of 171,005 shares, compared to its average volume of 838,820. The firm has a market cap of $1.44 billion, a P/E ratio of 19.10 and a beta of 0.81. Centerra Gold Inc. has a 1 year low of $5.41 and a 1 year high of $7.82. The business has a 50 day moving average price of $6.15 and a two-hundred day moving average price of $6.26.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The firm had revenue of $302.40 million for the quarter, compared to the consensus estimate of $316.92 million. Equities research analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.08%. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date was Thursday, March 13th. Centerra Gold's dividend payout ratio (DPR) is presently 52.78%.

Centerra Gold Company 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.