Amundi Purchases 1,650,160 Shares of Centerra Gold Inc. (NYSE:CGAU)

Amundi raised its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 168.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,628,623 shares of the company’s stock after purchasing an additional 1,650,160 shares during the quarter. Amundi owned 1.25% of Centerra Gold worth $15,377,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CGAU. Bank of Montreal Can increased its position in shares of Centerra Gold by 59.0% during the third quarter. Bank of Montreal Can now owns 3,869,035 shares of the company’s stock worth $28,690,000 after acquiring an additional 1,435,794 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Centerra Gold by 36.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,390,005 shares of the company’s stock valued at $31,514,000 after purchasing an additional 1,175,000 shares during the last quarter. U S Global Investors Inc. bought a new stake in Centerra Gold during the 4th quarter worth approximately $3,667,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Centerra Gold in the third quarter worth approximately $4,454,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Centerra Gold by 378.7% in the third quarter. Geode Capital Management LLC now owns 454,939 shares of the company’s stock valued at $4,152,000 after purchasing an additional 359,905 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analysts Set New Price Targets

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

Centerra Gold Trading Up 0.4 %

CGAU stock opened at $5.84 on Friday. The stock has a market cap of $1.23 billion, a P/E ratio of 16.21 and a beta of 0.92. The stock’s fifty day simple moving average is $6.09 and its two-hundred day simple moving average is $6.39. Centerra Gold Inc. has a 1-year low of $5.46 and a 1-year high of $7.82.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The company had revenue of $302.40 million for the quarter, compared to the consensus estimate of $316.92 million. As a group, analysts forecast that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

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

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.