American Century Companies Inc. Raises Stock Holdings in Centerra Gold Inc. $CGAU

Key Points

• American Century Companies Inc. increased its stake in Centerra Gold by 9.9% in Q1, owning approximately 3.6 million shares valued at $22.96 million.
• Centerra Gold recently declared a quarterly dividend of $0.07 per share, with an annual dividend yield of 3.6% and a payout ratio of 60.61%.
• Wall Street analysts have mixed ratings for Centerra Gold, with an average rating of "Moderate Buy" and a consensus target price of $13.00.

American Century Companies Inc. boosted its position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 9.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,618,654 shares of the company's stock after acquiring an additional 326,794 shares during the period. American Century Companies Inc. owned 1.72% of Centerra Gold worth $22,958,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CGAU. Geode Capital Management LLC grew its stake in Centerra Gold by 15.6% during the fourth quarter. Geode Capital Management LLC now owns 525,967 shares of the company's stock valued at $2,993,000 after acquiring an additional 71,028 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Centerra Gold during the fourth quarter valued at approximately $268,000. Barclays PLC grew its stake in Centerra Gold by 373.0% during the fourth quarter. Barclays PLC now owns 354,439 shares of the company's stock valued at $2,018,000 after acquiring an additional 279,509 shares in the last quarter. XTX Topco Ltd purchased a new position in Centerra Gold during the fourth quarter valued at approximately $207,000. Finally, Hsbc Holdings PLC grew its stake in Centerra Gold by 6.5% during the fourth quarter. Hsbc Holdings PLC now owns 52,769 shares of the company's stock valued at $299,000 after acquiring an additional 3,201 shares in the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.

Centerra Gold Trading Up 0.6%

Shares of CGAU traded up $0.05 during mid-day trading on Thursday, reaching $7.85. The company's stock had a trading volume of 912,781 shares, compared to its average volume of 975,396. The stock has a market cap of $1.60 billion, a PE ratio of 23.74, a P/E/G ratio of 0.59 and a beta of 0.80. Centerra Gold Inc. has a 52 week low of $5.41 and a 52 week high of $7.90. The company's fifty day moving average price is $7.27 and its two-hundred day moving average price is $6.78.

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 analysts' consensus estimates of $0.17 by $0.08. The firm had revenue of $288.30 million during the quarter, compared to analyst estimates of $319.42 million. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. Research analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, August 21st. Centerra Gold's payout ratio is presently 60.61%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. BMO Capital Markets cut shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 8th. 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. CIBC reiterated an "outperform" rating on shares of Centerra Gold in a research report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Centerra Gold from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $13.00.

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.