Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 42,900 shares of the company's stock, valued at approximately $244,000. Centerra Gold accounts for about 0.7% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 21st biggest holding.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vise Technologies Inc. purchased a new stake in Centerra Gold during the 4th quarter worth $58,000. SG Americas Securities LLC purchased a new stake in shares of Centerra Gold during the 4th quarter valued at about $59,000. Massachusetts Financial Services Co. MA purchased a new position in Centerra Gold in the 4th quarter worth approximately $60,000. Susquehanna Advisors Group Inc. purchased a new stake in shares of Centerra Gold during the fourth quarter valued at approximately $61,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Centerra Gold during the fourth quarter worth $79,000. Institutional investors and hedge funds own 55.40% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on CGAU. National Bank Financial raised shares of Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. 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. CIBC restated a "neutral" rating on shares of Centerra Gold in a report on Thursday, March 20th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Centerra Gold in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.00.
Check Out Our Latest Report on Centerra Gold
Centerra Gold Trading Up 0.1%
NYSE:CGAU traded up $0.01 on Thursday, hitting $7.18. 168,322 shares of the company's stock traded hands, compared to its average volume of 889,050. Centerra Gold Inc. has a 1 year low of $5.41 and a 1 year high of $7.82. The firm has a 50-day moving average price of $6.57 and a 200-day moving average price of $6.20. The company has a market cap of $1.51 billion, a PE ratio of 19.93 and a beta of 0.80.
Centerra Gold (NYSE:CGAU - Get Free Report) last issued 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 the consensus estimate of $288.25 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. On average, research analysts forecast that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.
Centerra Gold Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.28 annualized dividend and a dividend yield of 3.90%. Centerra Gold's dividend payout ratio (DPR) is currently 100.00%.
Centerra Gold Profile
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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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