Amundi Increases Holdings in Centerra Gold Inc. (NYSE:CGAU)

Amundi lifted its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 168.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,628,623 shares of the company’s stock after purchasing an additional 1,650,160 shares during the quarter. Amundi’s holdings in Centerra Gold were worth $15,377,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Centerra Gold during the 4th quarter valued at $59,000. Capstone Investment Advisors LLC bought a new position in shares of Centerra Gold during the third quarter valued at about $89,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Centerra Gold in the fourth quarter worth about $80,000. HighTower Advisors LLC bought a new stake in shares of Centerra Gold in the 3rd quarter valued at about $127,000. Finally, Verition Fund Management LLC bought a new stake in shares of Centerra Gold in the 3rd quarter valued at about $206,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Price Performance

CGAU opened at $5.84 on Friday. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 16.21 and a beta of 0.92. Centerra Gold Inc. has a one year low of $5.46 and a one year high of $7.82. The business has a 50 day simple moving average of $6.09 and a two-hundred day simple moving average of $6.39.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The business had revenue of $302.40 million during the quarter, compared to analysts’ expectations of $316.92 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. As a group, sell-side analysts expect that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.07 per share. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.80%. Centerra Gold’s payout ratio is presently 52.78%.

Analysts Set New Price Targets

CGAU has been the topic of a number of analyst reports. Scotiabank decreased their price target on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, January 15th. Desjardins downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Cormark cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.00.

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.