TD Asset Management Inc Grows Stock Holdings in Centerra Gold Inc. (NYSE:CGAU)

Key Points

• TD Asset Management Inc. increased its stake in Centerra Gold Inc. by 52.1%, owning over 1.14 million shares after acquiring an additional 393,122 shares in the first quarter.
• Centerra Gold's stock is currently priced at $6.81 with a market capitalization of $1.40 billion, and the company recently reported earnings of $0.12 per share.
• The firm declared a quarterly dividend of $0.07, representing a 4.1% dividend yield with a payout ratio of 105.26%.

TD Asset Management Inc increased its holdings in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 52.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,148,338 shares of the company's stock after purchasing an additional 393,122 shares during the quarter. TD Asset Management Inc owned approximately 0.55% of Centerra Gold worth $7,285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vise Technologies Inc. purchased a new position in shares of Centerra Gold in the 4th quarter valued at approximately $58,000. Massachusetts Financial Services Co. MA purchased a new position in Centerra Gold in the 4th quarter valued at $60,000. Susquehanna Advisors Group Inc. purchased a new position in Centerra Gold in the 4th quarter valued at $61,000. OMERS ADMINISTRATION Corp purchased a new position in Centerra Gold during the 4th quarter worth $79,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Centerra Gold in the 4th quarter worth $82,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CGAU shares. National Bankshares restated an "outperform" rating on shares of Centerra Gold in a research report on Tuesday, June 24th. CIBC reissued an "outperform" rating on shares of Centerra Gold in a report on Tuesday, July 15th. Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Finally, Scotiabank reissued an "outperform" rating on shares of Centerra Gold in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Centerra Gold currently has a consensus rating of "Buy" and a consensus target price of $13.00.

Centerra Gold Stock Up 0.8%

Shares of Centerra Gold stock traded up $0.06 during trading on Tuesday, hitting $7.25. 738,192 shares of the company were exchanged, compared to its average volume of 897,998. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $7.82. The firm has a 50 day moving average price of $7.23 and a 200 day moving average price of $6.66. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 38.08, a P/E/G ratio of 0.32 and a beta of 0.80.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $299.50 million for the quarter, compared to the consensus estimate of $288.25 million. Centerra Gold had a return on equity of 8.71% and a net margin of 3.68%. Analysts predict that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

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.