AMH Equity Ltd Makes New Investment in Centerra Gold Inc. (NYSE:CGAU)

AMH Equity Ltd bought a new stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 142,000 shares of the company's stock, valued at approximately $902,000. Centerra Gold accounts for about 1.4% of AMH Equity Ltd's portfolio, making the stock its 26th largest position. AMH Equity Ltd owned 0.07% of Centerra Gold as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Vise Technologies Inc. acquired a new stake in Centerra Gold during the 4th quarter worth about $58,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Centerra Gold during the 4th quarter worth about $60,000. Susquehanna Advisors Group Inc. purchased a new stake in shares of Centerra Gold during the 4th quarter worth about $61,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Centerra Gold during the 4th quarter worth about $79,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Centerra Gold during the 4th quarter worth about $82,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Centerra Gold Stock Down 1.7%

CGAU stock traded down $0.12 during midday trading on Friday, hitting $7.00. The company's stock had a trading volume of 696,077 shares, compared to its average volume of 920,091. 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 simple moving average of $7.11 and a 200-day simple moving average of $6.55. The firm has a market capitalization of $1.44 billion, a P/E ratio of 36.84, a PEG ratio of 0.36 and a beta of 0.81.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Centerra Gold had a net margin of 3.68% and a return on equity of 8.71%. The firm had revenue of $299.50 million for the quarter, compared to analyst estimates of $288.25 million. On average, sell-side analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were given a dividend of $0.07 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.00%. Centerra Gold's payout ratio is 105.26%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CGAU. CIBC restated an "outperform" rating on shares of Centerra Gold in a research report on Tuesday. Scotiabank restated an "outperform" rating on shares of Centerra Gold in a research report on Monday, April 14th. National Bank Financial upgraded shares of Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. Raymond James Financial reiterated an "outperform" rating on shares of Centerra Gold in a report on Friday, April 4th. Finally, National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a report on Tuesday, June 24th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $13.00.

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.