Brinker Capital Investments LLC Invests $62,000 in Centerra Gold Inc. (NYSE:CGAU)
A number of other hedge funds have also changed their holdings of CGAU. Russell Investments Group Ltd. acquired a new position in Centerra Gold valued at $12,465,000 during the second quarter. The Royal Bank of Canada increased its position in Centerra Gold by 49.8% in the first quarter. The Royal Bank of Canada now owns 4,729,149 shares of the company’s shares, valued at $46,536,000, after purchasing an additional 1,571,260 shares last quarter. Van ECK Associates Corp increased its position in Centerra Gold by 5.9% in the second quarter. Van ECK Associates Corp now owns 25,834,858 shares of the company’s stock valued at $175,202,000 after purchasing an additional 1,448,582 shares last quarter. Mackenzie Financial Corp increased its position in Centerra Gold by 129.0% in the third quarter. Mackenzie Financial Corp now owns 1,602,384 shares of the company’s stock valued at $7,045,000 after purchasing an additional 902,786 shares last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Centerra Gold by 7.6% in the second quarter. Goldman Sachs Group Inc. now owns 7,793,253 shares of the company’s stock valued at $52,605,000 after purchasing an additional 551,257 shares during the period. 51.63% of the shares are currently owned by hedge funds and other institutional investors.
Wall Street analyst ponders
A number of research firms have commented on CGAU. National Bank Financial raised its target price on Centerra Gold to $11.50 from $10.50 in a report on Friday, January 13th. Raymond James lowered his price target for Centerra Gold from C$10.50 to C$10.00 in a research note on Wednesday, November 9th. Finally, on Tuesday, November 8th, TD Securities raised its price target on Centerra Gold to $7.50 from $7.00 in a research note.
Centerra Gold trading down 0.3%
Centerra Gold shares opened at $6.60 on Friday. The stock has a market cap of $1.44 billion, a P/E of 6.17 and a beta of 0.61. The stock has a 50-day moving average price of $5.50 and a 200-day moving average price of $5.15. Centerra Gold Inc. has a 52-week low of $3.77 and a 52-week high of $10.57.
Centerra Gold (NYSE:CGAU – Get Rating) last issued its quarterly earnings data on Monday, November 7th. The company reported ($0.06) EPS for the quarter, missing analyst consensus estimates of ($0.04) by ($0.02). The company had revenue of $179.01 million for the quarter. Centerra Gold had a return on equity of 1.92% and a net margin of 36.71%. On average, equities analysts are forecasting that Centerra Gold Inc. will post -0.09 EPS for the year to date.
Centerra Gold lowers dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Registered investors received a dividend of $0.051 per share on Friday, November 18th. That equates to an annualized dividend of $0.20 and a yield of 3.09%. The ex-dividend date of this dividend was Thursday November 17th. Centerra Gold’s Dividend Payout Ratio (DPR) is currently 19.63%.
Company profile of Centerra Gold
Centerra Gold Inc, a gold mining company, is engaged in the acquisition, exploration, development and operation of gold and copper properties in North America, Turkey and internationally. The Company is prospecting for gold, copper and molybdenum deposits. Flagship projects include the Company’s 100% owned Mount Milligan gold-copper mine in British Columbia, Canada; and the Öksut gold mine in Turkey.
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