Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Makes New $244,000 Investment in Centerra Gold Inc. (NYSE:CGAU)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in Centerra Gold Inc. (NYSE:CGAU - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 42,900 shares of the company's stock, valued at approximately $244,000. Centerra Gold accounts for approximately 0.7% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s portfolio, making the stock its 21st largest position.

Several other institutional investors also recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in shares of Centerra Gold during the 4th quarter worth about $396,000. Raymond James Financial Inc. acquired a new position in Centerra Gold during the fourth quarter worth approximately $268,000. American Century Companies Inc. raised its stake in Centerra Gold by 34.1% during the fourth quarter. American Century Companies Inc. now owns 3,291,860 shares of the company's stock worth $18,733,000 after purchasing an additional 836,777 shares during the period. Atria Wealth Solutions Inc. raised its stake in Centerra Gold by 11.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company's stock worth $284,000 after purchasing an additional 5,000 shares during the period. Finally, Amundi boosted its holdings in shares of Centerra Gold by 168.6% in the 4th quarter. Amundi now owns 2,628,623 shares of the company's stock valued at $15,377,000 after purchasing an additional 1,650,160 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Stock Performance

Shares of NYSE:CGAU traded up $0.09 during trading hours on Tuesday, hitting $7.04. 1,044,806 shares of the company's stock traded hands, compared to its average volume of 891,338. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 19.56 and a beta of 0.80. Centerra Gold Inc. has a 52 week low of $5.41 and a 52 week high of $7.82. The company's fifty day simple moving average is $6.53 and its two-hundred day simple moving average is $6.19.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted 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 analysts' expectations of $288.25 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. On average, analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Thursday, May 22nd. Centerra Gold's dividend payout ratio (DPR) is presently 100.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CGAU shares. Scotiabank reiterated an "outperform" rating on shares of Centerra Gold in a report on Monday, April 14th. Cormark lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. Desjardins lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 13th. National Bankshares reissued an "outperform" rating on shares of Centerra Gold in a report on Wednesday, April 23rd. Finally, Raymond James reissued an "outperform" rating on shares of Centerra Gold in a research note on Friday, April 4th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.00.

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.