DekaBank Deutsche Girozentrale Invests $131,000 in Centerra Gold Inc. (NYSE:CGAU)

DekaBank Deutsche Girozentrale bought a new stake in shares of Centerra Gold Inc. (NYSE:CGAU) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 19,069 shares of the company’s stock, valued at approximately $131,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in shares of Centerra Gold by 7.6% during the first quarter. Van ECK Associates Corp now owns 22,034,754 shares of the company’s stock valued at $130,191,000 after purchasing an additional 1,552,601 shares during the period. Donald Smith & CO. Inc. increased its holdings in Centerra Gold by 8.8% in the 1st quarter. Donald Smith & CO. Inc. now owns 10,747,290 shares of the company’s stock valued at $63,516,000 after buying an additional 867,334 shares during the period. Acadian Asset Management LLC lifted its holdings 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 acquiring an additional 7,586,370 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Centerra Gold by 8.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,164,687 shares of the company’s stock valued at $18,862,000 after acquiring an additional 247,027 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Centerra Gold by 2.9% during the 4th quarter. Wellington Management Group LLP now owns 3,070,263 shares of the company’s stock valued at $18,418,000 after acquiring an additional 87,248 shares in the last quarter. 55.40% of the stock is owned by institutional investors.

Centerra Gold Trading Up 0.4 %

NYSE:CGAU opened at $6.93 on Friday. The stock has a market capitalization of $1.48 billion, a P/E ratio of 25.67 and a beta of 0.98. Centerra Gold Inc. has a 1 year low of $4.47 and a 1 year high of $7.51. The firm has a 50 day moving average of $6.82 and a 200-day 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, topping analysts’ consensus estimates of $0.16 by $0.07. The company had revenue of $282.31 million for the quarter. Centerra Gold had a return on equity of 10.72% and a net margin of 10.68%. During the same period in the prior year, the firm posted ($0.20) EPS. As a group, analysts forecast that Centerra Gold Inc. will post 0.81 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on CGAU shares. CIBC restated a “neutral” rating and set a $13.00 price target (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 given a buy rating to the company’s stock. According to MarketBeat, Centerra Gold has a consensus rating of “Moderate Buy” and an average target price of $9.80.

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.