Centerra Gold Inc. (NYSE:CGAU) Stock Position Lifted by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 132.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,835,673 shares of the company’s stock after purchasing an additional 1,047,142 shares during the period. American Century Companies Inc. owned approximately 0.86% of Centerra Gold worth $12,345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CGAU. Acadian Asset Management LLC raised its position in shares of Centerra Gold by 594.6% during the 2nd quarter. Acadian Asset Management LLC now owns 8,862,170 shares of the company’s stock worth $59,532,000 after buying an additional 7,586,370 shares in the last quarter. TD Asset Management Inc raised its holdings in Centerra Gold by 0.7% during the second quarter. TD Asset Management Inc now owns 587,062 shares of the company’s stock worth $3,947,000 after purchasing an additional 4,356 shares in the last quarter. CM Management LLC boosted its stake in Centerra Gold by 20.0% during the 2nd quarter. CM Management LLC now owns 300,000 shares of the company’s stock valued at $2,016,000 after purchasing an additional 50,000 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Centerra Gold by 7.4% during the 2nd quarter. CIBC Asset Management Inc now owns 267,307 shares of the company’s stock valued at $1,796,000 after purchasing an additional 18,359 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Centerra Gold in the 2nd quarter worth $154,000. 55.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CGAU shares. Cibc World Mkts lowered Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. CIBC reaffirmed a “neutral” rating and issued a $13.00 price objective (up previously from $11.00) on shares of Centerra Gold in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.80.

Centerra Gold Stock Up 0.4 %

Shares of NYSE CGAU opened at $6.93 on Friday. Centerra Gold Inc. has a 12 month low of $4.47 and a 12 month high of $7.51. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 25.67 and a beta of 0.98. The business has a fifty day simple moving average of $6.82 and a 200-day simple moving average of $6.56.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The company had revenue of $282.31 million during the quarter. Centerra Gold had a net margin of 10.68% and a return on equity of 10.72%. During the same period in the prior year, the company posted ($0.20) earnings per share. As a group, sell-side analysts expect that Centerra Gold Inc. will post 0.81 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.051 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Thursday, August 15th. Centerra Gold’s dividend payout ratio is 74.07%.

About Centerra Gold

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.