Barclays PLC Has $537,000 Position in Centerra Gold Inc. (NYSE:CGAU)

Barclays PLC grew its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 284.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,930 shares of the company’s stock after purchasing an additional 55,444 shares during the quarter. Barclays PLC’s holdings in Centerra Gold were worth $537,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CGAU. Toronto Dominion Bank raised its holdings in Centerra Gold by 22.8% in the 3rd quarter. Toronto Dominion Bank now owns 33,921 shares of the company’s stock valued at $243,000 after buying an additional 6,307 shares during the last quarter. Geode Capital Management LLC grew its holdings in Centerra Gold by 378.7% during the 3rd quarter. Geode Capital Management LLC now owns 454,939 shares of the company’s stock worth $4,152,000 after acquiring an additional 359,905 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Centerra Gold in the 3rd quarter valued at approximately $4,454,000. Y Intercept Hong Kong Ltd raised its stake in shares of Centerra Gold by 34.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 119,123 shares of the company’s stock valued at $853,000 after acquiring an additional 30,264 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Centerra Gold by 17.9% during the third quarter. National Bank of Canada FI now owns 608,701 shares of the company’s stock worth $4,368,000 after purchasing an additional 92,255 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CGAU shares. Desjardins upgraded Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Scotiabank decreased their price target on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Centerra Gold Stock Down 0.3 %

CGAU opened at $5.83 on Friday. Centerra Gold Inc. has a twelve month low of $4.47 and a twelve month high of $7.82. The company has a fifty day moving average of $5.90 and a 200-day moving average of $6.57. The stock has a market cap of $1.22 billion, a PE ratio of 12.14 and a beta of 0.90.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The business had revenue of $323.93 million for the quarter. Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. During the same period in the prior year, the firm posted $0.20 EPS. Sell-side analysts anticipate that Centerra Gold Inc. will post 0.77 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $0.052 dividend. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Wednesday, November 13th. Centerra Gold’s payout ratio is presently 45.83%.

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.