Vanguard Group Inc. Raises Stock Holdings in Centerra Gold Inc. $CGAU

Key Points

• Vanguard Group Inc. increased its holdings in Centerra Gold Inc. by 0.7%, now owning 8,310,457 shares worth approximately $52.7 million.
• Centerra Gold's recent earnings report showed earnings per share of $0.25, surpassing estimates of $0.17, despite revenues falling short of expectations at $288.3 million.
• The company announced a quarterly dividend of $0.07 per share, providing a yield of 3.6% with a dividend payout ratio of 60.61%.

Vanguard Group Inc. raised its position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,310,457 shares of the company's stock after acquiring an additional 55,839 shares during the period. Vanguard Group Inc. owned approximately 3.96% of Centerra Gold worth $52,722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of CGAU. Vise Technologies Inc. bought a new position in shares of Centerra Gold in the fourth quarter worth about $58,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Centerra Gold during the fourth quarter valued at about $79,000. Aquatic Capital Management LLC acquired a new position in shares of Centerra Gold during the fourth quarter valued at about $82,000. Capstone Investment Advisors LLC increased its holdings in shares of Centerra Gold by 34.2% during the fourth quarter. Capstone Investment Advisors LLC now owns 16,712 shares of the company's stock valued at $95,000 after acquiring an additional 4,263 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Centerra Gold by 74.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 18,488 shares of the company's stock valued at $117,000 after acquiring an additional 7,895 shares in the last quarter. Institutional investors own 55.40% of the company's stock.

Centerra Gold Stock Performance

Shares of CGAU traded up $0.03 during midday trading on Thursday, hitting $7.83. The company had a trading volume of 2,153,304 shares, compared to its average volume of 1,486,283. The company's 50-day simple moving average is $7.28 and its 200-day simple moving average is $6.79. The firm has a market capitalization of $1.59 billion, a P/E ratio of 23.71, a P/E/G ratio of 0.59 and a beta of 0.80. Centerra Gold Inc. has a 1 year low of $5.41 and a 1 year high of $7.90.

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

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, August 21st. This represents a $0.28 annualized dividend and a yield of 3.6%. Centerra Gold's payout ratio is presently 60.61%.

Analyst Upgrades and Downgrades

CGAU has been the topic of several research reports. CIBC reiterated an "outperform" rating on shares of Centerra Gold in a report on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a research report on Tuesday, June 24th. Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. BMO Capital Markets lowered Centerra Gold from a "strong-buy" rating to a "hold" rating in a report on Friday, August 8th. Finally, Wall Street Zen upgraded Centerra Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Centerra Gold currently has an average rating of "Moderate Buy" and a consensus target price of $13.00.

Centerra Gold 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.