Centerra Gold Inc. $CGAU Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. raised its stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 80.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 90,000 shares of the company's stock after acquiring an additional 40,000 shares during the period. Atria Wealth Solutions Inc.'s holdings in Centerra Gold were worth $571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vise Technologies Inc. bought a new position in shares of Centerra Gold in the fourth quarter worth approximately $58,000. Susquehanna Advisors Group Inc. bought a new position in Centerra Gold in the 4th quarter worth $61,000. OMERS ADMINISTRATION Corp purchased a new stake in Centerra Gold in the 4th quarter worth $79,000. Aquatic Capital Management LLC purchased a new position in Centerra Gold in the 4th quarter worth approximately $82,000. Finally, Capstone Investment Advisors LLC increased its holdings in shares of Centerra Gold by 34.2% in the fourth quarter. Capstone Investment Advisors LLC now owns 16,712 shares of the company's stock worth $95,000 after purchasing an additional 4,263 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.

Analysts Set New Price Targets

CGAU has been the subject of several analyst reports. CIBC reaffirmed an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, July 15th. National Bankshares restated 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. 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. Finally, Wall Street Zen upgraded Centerra Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Centerra Gold presently has an average rating of "Moderate Buy" and an average price target of $13.00.

Centerra Gold Price Performance

Shares of NYSE:CGAU traded down $0.05 during trading hours on Monday, hitting $7.23. The company's stock had a trading volume of 294,345 shares, compared to its average volume of 949,735. The firm's fifty day moving average price is $7.21 and its 200 day moving average price is $6.73. Centerra Gold Inc. has a 52 week low of $5.41 and a 52 week high of $7.82. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 0.46 and a beta of 0.80.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued 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. Centerra Gold had a return on equity of 9.12% and a net margin of 6.21%. The firm had revenue of $288.30 million during the quarter, compared to analysts' expectations of $319.42 million. On average, equities research analysts predict that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal 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 given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.28 dividend on an annualized basis and a yield of 3.9%. Centerra Gold's dividend payout ratio is presently 60.61%.

About Centerra Gold

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.