Legal & General Group Plc Purchases 37,862 Shares of Centerra Gold Inc. (NYSE:CGAU)

Legal & General Group Plc boosted its position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 673,664 shares of the company's stock after buying an additional 37,862 shares during the quarter. Legal & General Group Plc owned approximately 0.32% of Centerra Gold worth $3,832,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. lifted its holdings in Centerra Gold by 11.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company's stock worth $284,000 after buying an additional 5,000 shares in the last quarter. SG Americas Securities LLC acquired a new position in Centerra Gold during the 4th quarter worth $59,000. Massachusetts Financial Services Co. MA acquired a new position in Centerra Gold during the 4th quarter worth $60,000. Wilmington Savings Fund Society FSB acquired a new position in Centerra Gold during the 4th quarter worth $80,000. Finally, HighTower Advisors LLC acquired a new position in Centerra Gold during the 3rd quarter worth $127,000. Institutional investors and hedge funds own 55.40% of the company's stock.

Wall Street Analysts Forecast Growth

CGAU has been the topic of a number of analyst reports. CIBC reissued a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. Raymond James reissued an "outperform" rating on shares of Centerra Gold in a research note on Friday, April 4th. Desjardins downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 13th. Scotiabank reissued an "outperform" rating on shares of Centerra Gold in a research note on Monday, April 14th. Finally, National Bank Financial raised Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $12.00.

Centerra Gold Stock Up 0.9 %

Centerra Gold stock traded up $0.06 during mid-day trading on Monday, hitting $6.69. 495,404 shares of the company's stock were exchanged, compared to its average volume of 850,417. The firm has a market capitalization of $1.40 billion, a P/E ratio of 18.58 and a beta of 0.81. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $7.82. The company's 50 day simple moving average is $6.19 and its 200-day simple moving average is $6.23.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $302.40 million for the quarter, compared to analyst estimates of $316.92 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. Research analysts expect that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Thursday, March 13th. This is a boost from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's dividend payout ratio is 52.78%.

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.