Raymond James Financial Inc. Takes $268,000 Position in Centerra Gold Inc. (NYSE:CGAU)

Raymond James Financial Inc. bought a new stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 47,102 shares of the company's stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Centerra Gold in the fourth quarter worth approximately $59,000. Massachusetts Financial Services Co. MA bought a new position in shares of Centerra Gold during the fourth quarter valued at about $60,000. Wilmington Savings Fund Society FSB purchased a new position in Centerra Gold in the 4th quarter worth approximately $80,000. Entropy Technologies LP purchased a new stake in shares of Centerra Gold during the fourth quarter valued at approximately $177,000. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in shares of Centerra Gold in the fourth quarter worth approximately $244,000. Hedge funds and other institutional investors own 55.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Desjardins lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. National Bank Financial upgraded Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. CIBC reiterated a "neutral" rating on shares of Centerra Gold in a report on Thursday, March 20th. Raymond James reiterated an "outperform" rating on shares of Centerra Gold in a research report on Friday, April 4th. Finally, Scotiabank restated an "outperform" rating on shares of Centerra Gold in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

Centerra Gold Price Performance

CGAU traded down $0.15 on Wednesday, hitting $6.45. The company had a trading volume of 723,275 shares, compared to its average volume of 870,842. The stock has a fifty day simple moving average of $6.37 and a 200-day simple moving average of $6.20. The firm has a market capitalization of $1.35 billion, a P/E ratio of 17.92 and a beta of 0.80. Centerra Gold Inc. has a 52-week low of $5.41 and a 52-week high of $7.82.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. The company had revenue of $299.50 million during the quarter, compared to analysts' expectations 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 fiscal 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Thursday, May 22nd. Centerra Gold's dividend payout ratio is presently 100.00%.

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.