Charles Schwab Investment Management Inc. decreased its position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 912,931 shares of the company's stock after selling 72,382 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.44% of Centerra Gold worth $5,791,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in CGAU. Man Group plc grew its holdings in shares of Centerra Gold by 43.2% during the fourth quarter. Man Group plc now owns 3,038,739 shares of the company's stock valued at $17,283,000 after buying an additional 916,255 shares during the last quarter. Bastion Asset Management Inc. purchased a new stake in shares of Centerra Gold during the fourth quarter valued at approximately $4,586,000. Royal Bank of Canada grew its holdings in shares of Centerra Gold by 7.2% during the fourth quarter. Royal Bank of Canada now owns 7,950,409 shares of the company's stock valued at $45,238,000 after buying an additional 530,601 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Centerra Gold by 52.1% during the first quarter. TD Asset Management Inc now owns 1,148,338 shares of the company's stock valued at $7,285,000 after buying an additional 393,122 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of 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 buying an additional 279,509 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on CGAU shares. CIBC reiterated an "outperform" rating on shares of Centerra Gold in a report on Tuesday, July 15th. 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. BMO Capital Markets downgraded shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 8th. National Bankshares restated an "outperform" rating on shares of Centerra Gold in a research report on Tuesday, June 24th. 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 equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.00.
Get Our Latest Stock Report on Centerra Gold
Centerra Gold Stock Up 4.3%
CGAU traded up $0.34 during trading on Monday, hitting $8.17. The company's stock had a trading volume of 1,588,363 shares, compared to its average volume of 1,601,483. Centerra Gold Inc. has a one year low of $5.41 and a one year high of $8.21. The firm has a market cap of $1.66 billion, a PE ratio of 24.74, a P/E/G ratio of 0.62 and a beta of 0.81. The business's 50 day simple moving average is $7.30 and its 200-day simple moving average is $6.80.
Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly earnings results 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. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. The business had revenue of $288.30 million for the quarter, compared to the consensus estimate of $319.42 million. Equities research analysts expect that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.
Centerra Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Thursday, August 21st. Centerra Gold's dividend payout ratio (DPR) is presently 60.61%.
About Centerra Gold
(
Free Report)
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.
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