TD Asset Management Inc increased its position in shares of Centerra Gold Inc. (NYSE:CGAU – Free Report) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 587,062 shares of the company’s stock after buying an additional 4,356 shares during the period. TD Asset Management Inc owned 0.28% of Centerra Gold worth $3,947,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of CGAU. Quadrature Capital Ltd raised its stake in Centerra Gold by 118.5% during the 1st quarter. Quadrature Capital Ltd now owns 295,800 shares of the company’s stock valued at $1,742,000 after purchasing an additional 160,400 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Centerra Gold by 309.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,275,800 shares of the company’s stock valued at $7,527,000 after buying an additional 964,294 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Centerra Gold by 80.0% in the 1st quarter. Russell Investments Group Ltd. now owns 117,034 shares of the company’s stock valued at $692,000 after buying an additional 52,014 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Centerra Gold by 2.1% in the 4th quarter. CIBC Asset Management Inc now owns 211,525 shares of the company’s stock worth $1,267,000 after purchasing an additional 4,327 shares during the last quarter. Finally, Polunin Capital Partners Ltd bought a new stake in shares of Centerra Gold in the 2nd quarter worth about $3,758,000. 55.40% of the stock is owned by institutional investors.
Shares of NYSE:CGAU opened at $6.62 on Thursday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 24.52 and a beta of 0.98. The firm’s 50 day simple moving average is $6.82 and its 200 day simple moving average is $6.48. Centerra Gold Inc. has a fifty-two week low of $4.47 and a fifty-two week high of $7.51.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.051 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.20 annualized dividend and a yield of 3.08%. Centerra Gold’s dividend payout ratio (DPR) is currently 74.07%.
A number of equities research analysts have commented on the stock. Cibc World Mkts lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Scotiabank increased their price objective on shares of Centerra Gold from $8.00 to $9.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 23rd. Finally, CIBC reaffirmed a “neutral” rating and issued a $13.00 target price (up previously from $11.00) on shares of Centerra Gold in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $9.80.
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.
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