Centerra Gold Inc. (NYSE:CGAU) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 9.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 385,199 shares of the company’s stock after purchasing an additional 33,420 shares during the quarter. JPMorgan Chase & Co. owned about 0.18% of Centerra Gold worth $2,758,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Centerra Gold by 36.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,390,005 shares of the company’s stock worth $31,514,000 after buying an additional 1,175,000 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Centerra Gold by 59.0% during the 3rd quarter. Bank of Montreal Can now owns 3,869,035 shares of the company’s stock worth $28,690,000 after acquiring an additional 1,435,794 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Centerra Gold by 111.3% in the 2nd quarter. Mackenzie Financial Corp now owns 1,493,717 shares of the company’s stock worth $10,046,000 after acquiring an additional 786,688 shares during the last quarter. Marshall Wace LLP raised its position in shares of Centerra Gold by 94.6% during the second quarter. Marshall Wace LLP now owns 1,037,839 shares of the company’s stock worth $6,974,000 after purchasing an additional 504,636 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Centerra Gold during the third quarter valued at $4,454,000. Institutional investors own 55.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

Centerra Gold Trading Down 0.3 %

Shares of NYSE CGAU opened at $5.83 on Tuesday. Centerra Gold Inc. has a one year low of $4.47 and a one year high of $7.82. The business has a 50-day moving average price of $5.88 and a two-hundred day moving average price of $6.56. The firm has a market capitalization of $1.22 billion, a PE ratio of 12.14 and a beta of 0.90.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company 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 company posted $0.20 EPS. Research analysts anticipate that Centerra Gold Inc. will post 0.77 EPS for the current year.

Centerra Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.052 per share. This represents a $0.21 annualized dividend and a dividend yield of 3.57%. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is currently 45.83%.

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.