Nuveen Asset Management LLC Has $10.75 Million Holdings in Centerra Gold Inc. (NYSE:CGAU)

Nuveen Asset Management LLC grew its holdings in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,890,136 shares of the company's stock after purchasing an additional 57,609 shares during the quarter. Nuveen Asset Management LLC owned about 0.90% of Centerra Gold worth $10,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CGAU. SG Americas Securities LLC acquired a new position in Centerra Gold in the 4th quarter valued at $59,000. Massachusetts Financial Services Co. MA acquired a new position in Centerra Gold in the 4th quarter valued at $60,000. Susquehanna Advisors Group Inc. acquired a new position in Centerra Gold in the 4th quarter valued at $61,000. OMERS ADMINISTRATION Corp acquired a new position in Centerra Gold in the 4th quarter valued at $79,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Centerra Gold in the 4th quarter valued at $80,000. Institutional investors own 55.40% of the company's stock.

Centerra Gold Stock Performance

Shares of Centerra Gold stock remained flat at $7.14 during trading on Friday. 680,856 shares of the stock traded hands, compared to its average volume of 884,607. The business's fifty day simple moving average is $6.60 and its two-hundred day simple moving average is $6.22. Centerra Gold Inc. has a 1-year low of $5.41 and a 1-year high of $7.82. The firm has a market cap of $1.50 billion, a P/E ratio of 19.83 and a beta of 0.80.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The business had revenue of $299.50 million for the quarter, compared to analyst estimates of $288.25 million. As a group, research analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.28 annualized dividend and a dividend yield of 3.92%. Centerra Gold's dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Scotiabank reiterated an "outperform" rating on shares of Centerra Gold in a research note on Monday, April 14th. Cibc World Mkts upgraded shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. CIBC restated a "neutral" rating on shares of Centerra Gold in a report on Thursday, March 20th. Cormark downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, National Bank Financial upgraded shares of Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.00.

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.