Edmond DE Rothschild Holding S.A. lifted its stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 15.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,320,718 shares of the company's stock after buying an additional 309,136 shares during the quarter. Edmond DE Rothschild Holding S.A. owned about 1.11% of Centerra Gold worth $14,752,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in CGAU. Nuveen LLC bought a new position in shares of Centerra Gold in the first quarter worth approximately $14,634,000. Pale Fire Capital SE raised its position in shares of Centerra Gold by 52.6% during the 1st quarter. Pale Fire Capital SE now owns 3,467,298 shares of the company's stock valued at $22,017,000 after purchasing an additional 1,194,500 shares during the period. Man Group plc lifted its stake in shares of Centerra Gold by 43.2% during the 4th quarter. Man Group plc now owns 3,038,739 shares of the company's stock valued at $17,283,000 after buying an additional 916,255 shares in the last quarter. Royal Bank of Canada boosted its holdings in Centerra Gold by 9.2% in the 1st quarter. Royal Bank of Canada now owns 8,684,513 shares of the company's stock worth $55,146,000 after buying an additional 734,104 shares during the period. Finally, Invesco Ltd. boosted its holdings in Centerra Gold by 37.5% in the 1st quarter. Invesco Ltd. now owns 2,180,721 shares of the company's stock worth $13,848,000 after buying an additional 594,674 shares during the period. 55.40% of the stock is owned by hedge funds and other institutional investors.
Centerra Gold Trading Up 3.9%
NYSE:CGAU traded up $0.33 during midday trading on Friday, hitting $8.64. 1,132,647 shares of the company traded hands, compared to its average volume of 1,563,532. The firm has a market capitalization of $1.76 billion, a P/E ratio of 26.17, a P/E/G ratio of 0.65 and a beta of 0.82. The firm's fifty day moving average is $7.43 and its 200-day moving average is $6.87. Centerra Gold Inc. has a 12-month low of $5.41 and a 12-month high of $8.65.
Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.17 by $0.08. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. The company had revenue of $288.30 million during the quarter, compared to analyst estimates of $319.42 million. On average, research analysts expect that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.
Centerra Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, August 21st. Centerra Gold's dividend payout ratio is 60.61%.
Wall Street Analysts Forecast Growth
CGAU has been the topic of a number of recent analyst reports. CIBC reissued an "outperform" rating on shares of Centerra Gold in a report on Tuesday, July 15th. Wall Street Zen upgraded shares of Centerra Gold from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. BMO Capital Markets lowered Centerra Gold from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 8th. National Bankshares reaffirmed an "outperform" rating on shares of Centerra Gold in a report on Tuesday, June 24th. Finally, Cibc World Mkts raised Centerra Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Centerra Gold presently has a consensus rating of "Moderate Buy" and an average price target of $13.00.
Check Out Our Latest Analysis on CGAU
About Centerra Gold
(
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.
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