Man Group plc Has $17.28 Million Position in Centerra Gold Inc. (NYSE:CGAU)

Man Group plc raised its stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 43.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,038,739 shares of the company's stock after purchasing an additional 916,255 shares during the quarter. Man Group plc owned approximately 1.45% of Centerra Gold worth $17,283,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CGAU. SG Americas Securities LLC bought a new position in shares of Centerra Gold in the fourth quarter valued at $59,000. Massachusetts Financial Services Co. MA acquired a new stake in Centerra Gold in the fourth quarter valued at $60,000. Susquehanna Advisors Group Inc. bought a new position in shares of Centerra Gold in the 4th quarter valued at about $61,000. OMERS ADMINISTRATION Corp bought a new position in shares of Centerra Gold in the 4th quarter valued at about $79,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Centerra Gold during the 4th quarter worth about $80,000. 55.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CGAU has been the subject of several recent analyst reports. Raymond James reiterated an "outperform" rating on shares of Centerra Gold in a research note on Friday, April 4th. National Bank Financial upgraded Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank reiterated an "outperform" rating on shares of Centerra Gold in a research note on Monday, April 14th. CIBC reissued a "neutral" rating on shares of Centerra Gold in a report on Thursday, March 20th. Finally, Cormark cut Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Four equities 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.00.

Centerra Gold Trading Up 0.1%

CGAU stock traded up $0.01 during mid-day trading on Thursday, hitting $6.84. 148,967 shares of the company were exchanged, compared to its average volume of 877,503. Centerra Gold Inc. has a 1-year low of $5.41 and a 1-year high of $7.82. The stock has a market capitalization of $1.43 billion, a PE ratio of 18.99 and a beta of 0.80. The business has a 50 day simple moving average of $6.48 and a 200-day simple moving average of $6.18.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. The company had revenue of $299.50 million for the quarter, compared to analyst estimates of $288.25 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. Equities research analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Dividend Announcement

The firm 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 $0.07 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.10%. Centerra Gold's payout ratio is presently 100.00%.

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.