TD Asset Management Inc Has $9.55 Million Holdings in Centerra Gold Inc. $CGAU

Key Points

• TD Asset Management Inc increased its holdings in Centerra Gold Inc. by 15.6% during the second quarter, now owning approximately 0.64% of the company's shares valued at $9.55 million.
• Centerra Gold's stock reported a 6.7% decline to $11.83, with a market capitalization of $2.39 billion and a P/E ratio of 35.85.
• The company recently announced a quarterly dividend of $0.07 per share, reflecting an annualized yield of 2.4% and a payout ratio of 60.61%.

TD Asset Management Inc lifted its holdings in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 15.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,327,621 shares of the company's stock after acquiring an additional 179,283 shares during the period. TD Asset Management Inc owned approximately 0.64% of Centerra Gold worth $9,545,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. CWM LLC grew its stake in shares of Centerra Gold by 15.6% in the second quarter. CWM LLC now owns 14,480 shares of the company's stock valued at $104,000 after acquiring an additional 1,955 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Centerra Gold by 52.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 32,046 shares of the company's stock worth $231,000 after purchasing an additional 10,977 shares during the period. Kathmere Capital Management LLC bought a new stake in Centerra Gold during the second quarter worth about $111,000. Ruffer LLP lifted its position in Centerra Gold by 0.9% during the second quarter. Ruffer LLP now owns 7,153,309 shares of the company's stock worth $51,590,000 after purchasing an additional 64,070 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in Centerra Gold by 20.2% during the second quarter. Public Employees Retirement System of Ohio now owns 768,026 shares of the company's stock worth $5,533,000 after purchasing an additional 128,825 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Trading Down 6.7%

CGAU stock opened at $11.83 on Monday. The firm has a 50-day moving average price of $9.35 and a 200-day moving average price of $7.80. The stock has a market capitalization of $2.39 billion, a P/E ratio of 35.85, a price-to-earnings-growth ratio of 0.76 and a beta of 0.88. Centerra Gold Inc. has a 12 month low of $5.41 and a 12 month high of $12.80.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.08. The business had revenue of $288.30 million during the quarter, compared to analyst estimates of $319.42 million. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. As a group, equities analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.28 annualized dividend and a dividend yield of 2.4%. Centerra Gold's dividend payout ratio (DPR) is 60.61%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Raymond James Financial cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Friday, October 10th. Wall Street Zen raised shares of Centerra Gold from a "hold" rating to a "buy" rating in a research report on Saturday. CIBC reaffirmed an "outperform" rating on shares of Centerra Gold in a research report on Tuesday, July 15th. Royal Bank Of Canada cut shares of Centerra Gold from an "outperform" rating to a "sector perform" rating and upped their price objective for the stock from $13.00 to $14.00 in a research report on Wednesday, September 10th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Centerra Gold in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $12.83.

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.

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