Toronto Dominion Bank Acquires 17,912 Shares of Centerra Gold Inc. (NYSE:CGAU)

Toronto Dominion Bank boosted its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 184.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,614 shares of the company’s stock after purchasing an additional 17,912 shares during the quarter. Toronto Dominion Bank’s holdings in Centerra Gold were worth $186,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC boosted 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 period. DekaBank Deutsche Girozentrale bought a new position in shares of Centerra Gold during the second quarter valued at $131,000. Virtu Financial LLC acquired a new stake in shares of Centerra Gold in the 1st quarter valued at $113,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Centerra Gold in the 2nd quarter worth about $154,000. Finally, Artemis Investment Management LLP bought a new position in Centerra Gold during the 2nd quarter valued at about $268,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Trading Up 1.3 %

NYSE:CGAU opened at $7.26 on Wednesday. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 26.87 and a beta of 0.98. Centerra Gold Inc. has a 1-year low of $4.47 and a 1-year high of $7.82. The business’s 50-day moving average price is $6.91 and its two-hundred day moving average price is $6.66.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.07. The business had revenue of $282.31 million for 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 previous year, the business earned ($0.20) EPS. Sell-side analysts predict that Centerra Gold Inc. will post 0.82 earnings per share for the current 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 given a $0.051 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Thursday, August 15th. Centerra Gold’s dividend payout ratio is currently 74.07%.

Wall Street Analyst Weigh In

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

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.