Jupiter Asset Management Ltd. Makes New $1.13 Million Investment in Centerra Gold Inc. (NYSE:CGAU)

Jupiter Asset Management Ltd. purchased a new position in Centerra Gold Inc. (NYSE:CGAU - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 177,836 shares of the company's stock, valued at approximately $1,128,000. Jupiter Asset Management Ltd. owned about 0.08% of Centerra Gold at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bastion Asset Management Inc. increased its position in Centerra Gold by 1.5% in the first quarter. Bastion Asset Management Inc. now owns 818,173 shares of the company's stock worth $5,195,000 after purchasing an additional 12,153 shares during the period. TD Asset Management Inc lifted its stake in Centerra Gold by 52.1% in the first quarter. TD Asset Management Inc now owns 1,148,338 shares of the company's stock valued at $7,285,000 after acquiring an additional 393,122 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Centerra Gold in the first quarter valued at $535,000. AMH Equity Ltd acquired a new stake in shares of Centerra Gold during the 1st quarter worth about $902,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Centerra Gold by 74.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 18,488 shares of the company's stock worth $117,000 after buying an additional 7,895 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Trading Up 3.6%

Shares of Centerra Gold stock opened at $7.19 on Tuesday. The firm has a market capitalization of $1.47 billion, a PE ratio of 37.84, a price-to-earnings-growth ratio of 0.32 and a beta of 0.80. The firm's 50 day moving average is $7.23 and its 200 day moving average is $6.66. Centerra Gold Inc. has a 1 year low of $5.41 and a 1 year high of $7.82.

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

Analyst Ratings Changes

Several analysts have weighed in on CGAU shares. National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, June 24th. Scotiabank reiterated an "outperform" rating on shares of Centerra Gold in a research note on Monday, April 14th. CIBC reiterated an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, July 15th. Finally, Cibc World Mkts raised shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $13.00.

Centerra Gold Company 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.

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