Centerra Gold Inc. $CGAU Stock Position Lifted by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC raised its stake in Centerra Gold Inc. (NYSE:CGAU) by 13.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 200,430 shares of the company’s stock after buying an additional 24,226 shares during the quarter. Campbell & CO Investment Adviser LLC owned 0.10% of Centerra Gold worth $1,445,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CGAU. Invesco Ltd. increased its stake in shares of Centerra Gold by 37.5% in the first quarter. Invesco Ltd. now owns 2,180,721 shares of the company’s stock worth $13,848,000 after acquiring an additional 594,674 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in Centerra Gold in the second quarter valued at about $1,196,000. Deutsche Bank AG raised its stake in shares of Centerra Gold by 1,792.9% during the 1st quarter. Deutsche Bank AG now owns 439,501 shares of the company’s stock worth $2,791,000 after purchasing an additional 416,283 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Centerra Gold by 4.7% during the 1st quarter. Hsbc Holdings PLC now owns 55,268 shares of the company’s stock worth $351,000 after purchasing an additional 2,499 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Centerra Gold by 9.9% in the 1st quarter. American Century Companies Inc. now owns 3,618,654 shares of the company’s stock valued at $22,958,000 after buying an additional 326,794 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CGAU shares. CIBC reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, July 15th. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a research note on Thursday, October 23rd. Cormark upgraded shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Weiss Ratings upgraded shares of Centerra Gold from a “hold (c)” rating to a “buy (b)” rating in a report on Friday. Finally, Royal Bank Of Canada downgraded shares of Centerra Gold from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $13.00 to $14.00 in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.17.

Centerra Gold Trading Up 0.5%

Shares of NYSE:CGAU opened at $12.11 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.59 and a current ratio of 2.89. The stock’s 50-day moving average is $10.67 and its 200-day moving average is $8.41. The company has a market cap of $2.44 billion, a P/E ratio of 7.38, a P/E/G ratio of 0.62 and a beta of 0.89. Centerra Gold Inc. has a 52-week low of $5.41 and a 52-week high of $12.80.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.11. The business had revenue of $395.20 million during the quarter, compared to analysts’ expectations of $314.74 million. Centerra Gold had a return on equity of 10.47% and a net margin of 26.35%. Equities research analysts predict that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be paid a $0.07 dividend. The ex-dividend date is Thursday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 2.3%. Centerra Gold’s dividend payout ratio (DPR) is presently 11.59%.

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.