Bastion Asset Management Inc. Purchases Shares of 806,020 Centerra Gold Inc. (NYSE:CGAU)

Bastion Asset Management Inc. bought a new stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 806,020 shares of the company's stock, valued at approximately $4,586,000. Centerra Gold makes up about 3.0% of Bastion Asset Management Inc.'s portfolio, making the stock its 8th largest holding. Bastion Asset Management Inc. owned about 0.38% of Centerra Gold at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC lifted its stake in shares of Centerra Gold by 6.5% in the fourth quarter. Hsbc Holdings PLC now owns 52,769 shares of the company's stock valued at $299,000 after purchasing an additional 3,201 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Centerra Gold by 2.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 181,755 shares of the company's stock valued at $1,036,000 after acquiring an additional 3,608 shares during the period. Atria Wealth Solutions Inc. boosted its stake in shares of Centerra Gold by 11.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company's stock worth $284,000 after acquiring an additional 5,000 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Centerra Gold in the 4th quarter worth approximately $59,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in Centerra Gold in the 4th quarter valued at approximately $60,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CGAU shares. Desjardins lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. Scotiabank restated an "outperform" rating on shares of Centerra Gold in a research report on Monday, April 14th. CIBC reiterated a "neutral" rating on shares of Centerra Gold in a research report on Thursday, March 20th. Raymond James restated an "outperform" rating on shares of Centerra Gold in a research report on Friday, April 4th. Finally, National Bankshares reissued an "outperform" rating on shares of Centerra Gold in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Centerra Gold presently has a consensus rating of "Moderate Buy" and an average target price of $12.00.

Centerra Gold Trading Up 15.4 %

CGAU traded up $1.00 during midday trading on Tuesday, hitting $7.48. The company's stock had a trading volume of 2,316,198 shares, compared to its average volume of 860,776. The firm has a market cap of $1.57 billion, a P/E ratio of 20.77 and a beta of 0.80. Centerra Gold Inc. has a 52-week low of $5.41 and a 52-week high of $7.82. The firm has a 50-day moving average price of $6.25 and a two-hundred day moving average price of $6.21.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. On average, equities analysts expect that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.74%. Centerra Gold's dividend payout ratio (DPR) is presently 52.78%.

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.