Fmr LLC Increases Stake in Centerra Gold Inc. (NYSE:CGAU)

Fmr LLC boosted its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 114.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,100 shares of the company’s stock after purchasing an additional 19,800 shares during the period. Fmr LLC’s holdings in Centerra Gold were worth $266,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CGAU. CWM LLC acquired a new stake in shares of Centerra Gold during the third quarter worth $57,000. Vanguard Personalized Indexing Management LLC grew its stake in Centerra Gold by 12.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock valued at $96,000 after purchasing an additional 1,573 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Centerra Gold in the second quarter valued at about $131,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Centerra Gold in the second quarter worth about $154,000. Finally, Toronto Dominion Bank lifted its holdings in shares of Centerra Gold by 184.6% during the second quarter. Toronto Dominion Bank now owns 27,614 shares of the company’s stock worth $186,000 after purchasing an additional 17,912 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Centerra Gold Stock Performance

NYSE CGAU opened at $5.69 on Friday. The firm has a market capitalization of $1.20 billion, a P/E ratio of 11.85 and a beta of 0.89. The stock has a 50-day simple moving average of $6.39 and a two-hundred day simple moving average of $6.72. Centerra Gold Inc. has a fifty-two week low of $4.47 and a fifty-two week high of $7.82.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Thursday, October 31st. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. The company had revenue of $323.93 million for the quarter. During the same quarter last year, the business posted $0.20 earnings per share. As a group, analysts forecast that Centerra Gold Inc. will post 0.79 earnings per share for the current year.

Centerra Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $0.052 dividend. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Wednesday, November 13th. Centerra Gold’s payout ratio is currently 41.67%.

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.