PKO Investment Management Joint Stock Co Buys New Stake in Centerra Gold Inc. (NYSE:CGAU)

PKO Investment Management Joint Stock Co purchased a new stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 145,000 shares of the company's stock, valued at approximately $825,000. PKO Investment Management Joint Stock Co owned about 0.07% of Centerra Gold as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vise Technologies Inc. bought a new position in Centerra Gold in the 4th quarter worth $58,000. SG Americas Securities LLC bought a new position in Centerra Gold in the 4th quarter worth $59,000. Massachusetts Financial Services Co. MA bought a new position in Centerra Gold in the 4th quarter worth $60,000. Susquehanna Advisors Group Inc. bought a new position in Centerra Gold in the 4th quarter worth $61,000. Finally, OMERS ADMINISTRATION Corp bought a new position in Centerra Gold in the 4th quarter worth $79,000. 55.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. National Bank Financial upgraded shares of Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. National Bankshares restated an "outperform" rating on shares of Centerra Gold in a report on Wednesday, April 23rd. CIBC restated a "neutral" rating on shares of Centerra Gold in a report on Thursday, March 20th. Scotiabank restated an "outperform" rating on shares of Centerra Gold in a report on Monday, April 14th. Finally, Cormark downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Centerra Gold Price Performance

CGAU stock traded up $0.39 during trading on Monday, hitting $7.52. 897,411 shares of the stock traded hands, compared to its average volume of 884,659. Centerra Gold Inc. has a 1 year low of $5.41 and a 1 year high of $7.82. The firm's 50 day moving average is $6.63 and its two-hundred day moving average is $6.23. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 20.88 and a beta of 0.80.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The firm had revenue of $299.50 million for the quarter, compared to analysts' expectations of $288.25 million. As a group, analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Thursday, May 22nd. Centerra Gold's payout ratio is 100.00%.

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.