1,600,736 Shares in Centerra Gold Inc. (NYSE:CGAU) Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,600,736 shares of the company's stock, valued at approximately $9,540,000. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 0.74% of Centerra Gold at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new position in Centerra Gold in the third quarter worth $31,000. Versor Investments LP acquired a new position in Centerra Gold in the third quarter worth $52,000. First Trust Advisors LP acquired a new position in Centerra Gold in the fourth quarter worth $64,000. Heron Bay Capital Management acquired a new position in Centerra Gold in the fourth quarter worth $77,000. Finally, Trexquant Investment LP acquired a new position in Centerra Gold in the third quarter worth $77,000. Institutional investors and hedge funds own 55.40% of the company's stock.

Analysts Set New Price Targets

CGAU has been the topic of a number of recent analyst reports. BMO Capital Markets initiated coverage on Centerra Gold in a research note on Wednesday, February 21st. They issued an "outperform" rating on the stock. CIBC boosted their target price on Centerra Gold from $9.50 to $11.00 and gave the stock an "outperformer" rating in a research report on Monday, April 15th. National Bank Financial restated an "outperform overweight" rating on shares of Centerra Gold in a research report on Monday, April 8th. Finally, Raymond James dropped their target price on Centerra Gold from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Friday, December 29th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Centerra Gold currently has a consensus rating of "Buy" and an average target price of $9.78.

Centerra Gold Stock Up 2.0 %

NYSE CGAU traded up $0.12 on Friday, reaching $6.19. The company had a trading volume of 360,335 shares, compared to its average volume of 523,714. The stock's 50 day moving average is $5.60 and its 200-day moving average is $5.54. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of -16.73 and a beta of 0.98. Centerra Gold Inc. has a 52 week low of $4.47 and a 52 week high of $7.43.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). The company had revenue of $340.00 million during the quarter. Centerra Gold had a negative net margin of 7.43% and a positive return on equity of 0.62%. As a group, analysts forecast that Centerra Gold Inc. will post 0.51 EPS for the current year.

Centerra Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were issued a $0.0518 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Tuesday, March 12th. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's dividend payout ratio is currently -43.24%.

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.