UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 243,468 shares of the company's stock after selling 44,884 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of Centerra Gold worth $1,385,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of CGAU. SG Americas Securities LLC acquired a new position in shares of Centerra Gold in the 4th quarter worth approximately $59,000. Wilmington Savings Fund Society FSB acquired a new position in Centerra Gold in the fourth quarter worth approximately $80,000. Entropy Technologies LP bought a new position in shares of Centerra Gold in the fourth quarter valued at $177,000. Allspring Global Investments Holdings LLC lifted its position in shares of Centerra Gold by 131.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 588,681 shares of the company's stock valued at $3,346,000 after acquiring an additional 334,719 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in shares of Centerra Gold by 11.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company's stock worth $284,000 after acquiring an additional 5,000 shares in the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.
Centerra Gold Price Performance
Shares of CGAU opened at $7.10 on Monday. The business's 50-day moving average is $6.72 and its 200-day moving average is $6.27. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 19.72 and a beta of 0.82. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $7.82.
Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $299.50 million for the quarter, compared to analyst estimates of $288.25 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. Equities research analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.
Centerra Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.28 annualized dividend and a dividend yield of 3.94%. Centerra Gold's dividend payout ratio is 105.26%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on CGAU. National Bank Financial raised Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Desjardins cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. Scotiabank restated an "outperform" rating on shares of Centerra Gold in a report on Monday, April 14th. Finally, Cormark downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, three have assigned 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 target price of $12.00.
Check Out Our Latest Analysis on CGAU
Centerra Gold Company Profile
(
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.
See Also
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