87,000 Shares in Centerra Gold Inc. $CGAU Bought by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co purchased a new stake in shares of Centerra Gold Inc. (NYSE:CGAU) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 87,000 shares of the company’s stock, valued at approximately $1,544,000.

Other institutional investors have also bought and sold shares of the company. Donald Smith & CO. Inc. increased its holdings in shares of Centerra Gold by 21.8% in the 4th quarter. Donald Smith & CO. Inc. now owns 14,158,116 shares of the company’s stock worth $203,452,000 after buying an additional 2,535,492 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Centerra Gold by 57.2% in the first quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock worth $84,739,000 after acquiring an additional 4,853,494 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Centerra Gold by 7.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,274,935 shares of the company’s stock worth $119,058,000 after acquiring an additional 549,491 shares in the last quarter. Waratah Capital Advisors Ltd. grew its position in Centerra Gold by 4.1% in the third quarter. Waratah Capital Advisors Ltd. now owns 6,954,407 shares of the company’s stock worth $74,621,000 after acquiring an additional 275,510 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Centerra Gold by 15.3% during the fourth quarter. Van ECK Associates Corp now owns 6,536,157 shares of the company’s stock worth $93,929,000 after acquiring an additional 866,977 shares during the last quarter. Institutional investors own 55.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CGAU shares. Scotiabank upped their price objective on Centerra Gold from $19.00 to $21.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Wall Street Zen upgraded Centerra Gold from a “hold” rating to a “buy” rating in a report on Sunday. Zacks Research downgraded Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Centerra Gold in a report on Friday, March 27th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $16.67.

Centerra Gold Stock Up 0.2%

NYSE:CGAU opened at $16.61 on Tuesday. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 5.36, a price-to-earnings-growth ratio of 0.79 and a beta of 0.79. Centerra Gold Inc. has a twelve month low of $6.71 and a twelve month high of $21.17. The company has a current ratio of 2.41, a quick ratio of 1.60 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $17.56 and a 200-day simple moving average of $17.17.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $484.70 million for the quarter, compared to analysts’ expectations of $373.47 million. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. Analysts anticipate that Centerra Gold Inc. will post 1.79 EPS for the current year.

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, May 21st. Centerra Gold’s payout ratio is 6.77%.

About Centerra Gold

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.