Amundi Sells 121,554 Shares of Centerra Gold Inc. $CGAU

Amundi lessened its position in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 4.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,507,069 shares of the company's stock after selling 121,554 shares during the period. Amundi owned about 1.19% of Centerra Gold worth $15,569,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CGAU. Nuveen LLC acquired a new stake in shares of Centerra Gold in the 1st quarter valued at $14,634,000. Pale Fire Capital SE lifted its position in Centerra Gold by 52.6% during the 1st quarter. Pale Fire Capital SE now owns 3,467,298 shares of the company's stock worth $22,017,000 after buying an additional 1,194,500 shares in the last quarter. Man Group plc lifted its position in Centerra Gold by 43.2% during the 4th quarter. Man Group plc now owns 3,038,739 shares of the company's stock worth $17,283,000 after buying an additional 916,255 shares in the last quarter. Royal Bank of Canada lifted its position in Centerra Gold by 9.2% during the 1st quarter. Royal Bank of Canada now owns 8,684,513 shares of the company's stock worth $55,146,000 after buying an additional 734,104 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Centerra Gold by 37.5% during the 1st quarter. Invesco Ltd. now owns 2,180,721 shares of the company's stock worth $13,848,000 after buying an additional 594,674 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.

Centerra Gold Stock Performance

NYSE:CGAU traded up $0.06 on Friday, hitting $9.23. 2,294,840 shares of the stock were exchanged, compared to its average volume of 1,544,967. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 0.69 and a beta of 0.82. Centerra Gold Inc. has a 52 week low of $5.41 and a 52 week high of $9.43. The company's 50-day moving average price is $7.59 and its 200 day moving average price is $6.97.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.08. The firm had revenue of $288.30 million during the quarter, compared to analysts' expectations of $319.42 million. Centerra Gold had a return on equity of 9.12% and a net margin of 6.21%. As a group, equities research analysts predict that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.0%. Centerra Gold's dividend payout ratio is 60.61%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a research report on Tuesday, June 24th. Cibc World Mkts upgraded shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Royal Bank Of Canada downgraded shares of Centerra Gold from an "outperform" rating to a "sector perform" rating and upped their price target for the stock from $13.00 to $14.00 in a research report on Wednesday. Wall Street Zen raised Centerra Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, CIBC reissued an "outperform" rating on shares of Centerra Gold in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Centerra Gold currently has an average rating of "Moderate Buy" and an average target price of $13.33.

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.