Y Intercept Hong Kong Ltd purchased a new position in Centerra Gold Inc. (NYSE:CGAU - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 84,276 shares of the company's stock, valued at approximately $535,000.
Several other institutional investors also recently added to or reduced their stakes in CGAU. Raymond James Financial Inc. bought a new stake in Centerra Gold in the fourth quarter valued at $268,000. American Century Companies Inc. boosted its stake in Centerra Gold by 34.1% in 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 in the last quarter. Vanguard Group Inc. boosted its stake in Centerra Gold by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 8,254,618 shares of the company's stock worth $46,977,000 after purchasing an additional 76,544 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Centerra Gold by 24.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,808,773 shares of the company's stock worth $33,028,000 after purchasing an additional 1,126,825 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Centerra Gold by 261.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 220,906 shares of the company's stock valued at $1,257,000 after acquiring an additional 159,865 shares during the period. 55.40% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on CGAU shares. Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. 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 report on Tuesday, June 24th. Scotiabank reiterated an "outperform" rating on shares of Centerra Gold in a report on Monday, April 14th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Centerra Gold in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $13.00.
Get Our Latest Analysis on Centerra Gold
Centerra Gold Stock Performance
NYSE CGAU traded down $0.03 during trading hours on Thursday, hitting $6.81. 100,968 shares of the company traded hands, compared to its average volume of 898,953. Centerra Gold Inc. has a twelve month low of $5.41 and a twelve month high of $7.82. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 35.93, a P/E/G ratio of 0.33 and a beta of 0.81. The business's 50-day moving average is $7.22 and its 200-day moving average is $6.63.
Centerra Gold (NYSE:CGAU - Get Free Report) last released 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. Centerra Gold had a return on equity of 8.71% and a net margin of 3.68%. The business had revenue of $299.50 million during the quarter, compared to the consensus estimate of $288.25 million. Analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current year.
Centerra Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were given a dividend of $0.07 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 4.11%. Centerra Gold's dividend payout ratio is currently 105.26%.
Centerra Gold Company 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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