SG Americas Securities LLC Buys Shares of 10,379 Centerra Gold Inc. (NYSE:CGAU)

SG Americas Securities LLC bought a new stake in shares of Centerra Gold Inc. (NYSE:CGAU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,379 shares of the company’s stock, valued at approximately $59,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Centerra Gold by 8.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,308 shares of the company’s stock valued at $419,000 after purchasing an additional 4,373 shares during the period. Toronto Dominion Bank increased its position in Centerra Gold by 22.8% during the 3rd quarter. Toronto Dominion Bank now owns 33,921 shares of the company’s stock valued at $243,000 after purchasing an additional 6,307 shares during the period. CWM LLC acquired a new stake in Centerra Gold during the 3rd quarter valued at approximately $57,000. Capstone Investment Advisors LLC acquired a new stake in Centerra Gold during the 3rd quarter valued at approximately $89,000. Finally, Centiva Capital LP grew its position in shares of Centerra Gold by 28.7% during the 3rd quarter. Centiva Capital LP now owns 68,889 shares of the company’s stock worth $493,000 after buying an additional 15,379 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Stock Down 0.8 %

Shares of CGAU stock opened at $6.61 on Friday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 13.76 and a beta of 0.91. Centerra Gold Inc. has a 52 week low of $4.60 and a 52 week high of $7.82. The firm has a 50 day moving average of $6.01 and a 200-day moving average of $6.51.

Analyst Upgrades and Downgrades

CGAU has been the subject of several recent analyst reports. Scotiabank reduced their price objective on shares of Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 15th. Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

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.