Mackenzie Financial Corp Boosts Stock Position in Centerra Gold Inc. (NYSE:CGAU)

Mackenzie Financial Corp lifted its position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,075,826 shares of the company's stock after purchasing an additional 269,228 shares during the period. Mackenzie Financial Corp owned 0.99% of Centerra Gold worth $11,800,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in shares of Centerra Gold in the 4th quarter valued at $396,000. Raymond James Financial Inc. bought a new position in shares of Centerra Gold in the 4th quarter valued at $268,000. American Century Companies Inc. increased its stake in shares of Centerra Gold by 34.1% in the 4th quarter. American Century Companies Inc. now owns 3,291,860 shares of the company's stock valued at $18,733,000 after purchasing an additional 836,777 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of Centerra Gold by 3.1% in the 4th quarter. Nuveen Asset Management LLC now owns 1,890,136 shares of the company's stock valued at $10,750,000 after purchasing an additional 57,609 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its stake in shares of Centerra Gold by 11.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company's stock valued at $284,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 55.40% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CGAU. National Bankshares reissued an "outperform" rating on shares of Centerra Gold in a report on Wednesday, April 23rd. Scotiabank reissued an "outperform" rating on shares of Centerra Gold in a report on Monday, April 14th. National Bank Financial raised Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. Desjardins downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. Finally, CIBC reissued a "neutral" rating on shares of Centerra Gold in a report on Thursday, March 20th. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Centerra Gold presently has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Centerra Gold Price Performance

Shares of NYSE CGAU remained flat at $7.14 during midday trading on Friday. The stock had a trading volume of 680,856 shares, compared to its average volume of 884,607. Centerra Gold Inc. has a 12-month low of $5.41 and a 12-month high of $7.82. The firm has a 50-day moving average price of $6.60 and a 200 day moving average price of $6.22. The firm has a market cap of $1.50 billion, a PE ratio of 19.83 and a beta of 0.80.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The firm had revenue of $299.50 million for the quarter, compared to the consensus estimate of $288.25 million. On average, equities analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 3.92%. Centerra Gold's dividend payout ratio is presently 100.00%.

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.