Centerra Gold Inc. $CGAU Shares Sold by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co lowered its stake in Centerra Gold Inc. (NYSE:CGAU) by 45.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,000 shares of the company’s stock after selling 66,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Centerra Gold were worth $567,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new position in Centerra Gold during the 2nd quarter worth approximately $27,000. Pinnacle Holdings LLC acquired a new stake in Centerra Gold during the first quarter valued at $39,000. Dynamic Technology Lab Private Ltd acquired a new stake in Centerra Gold during the first quarter valued at $97,000. CWM LLC boosted its position in Centerra Gold by 15.6% during the second quarter. CWM LLC now owns 14,480 shares of the company’s stock valued at $104,000 after purchasing an additional 1,955 shares during the last quarter. Finally, Kathmere Capital Management LLC acquired a new stake in Centerra Gold during the second quarter valued at $111,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Centerra Gold Stock Performance

NYSE CGAU opened at $11.14 on Friday. The stock has a market cap of $2.25 billion, a PE ratio of 33.74, a PEG ratio of 0.73 and a beta of 0.88. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $12.80. The firm’s fifty day moving average price is $9.77 and its two-hundred day moving average price is $7.97.

Centerra Gold (NYSE:CGAU) last announced its earnings results on Wednesday, August 6th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.17 by $0.08. The firm had revenue of $288.30 million for the quarter, compared to the consensus estimate of $319.42 million. Centerra Gold had a return on equity of 9.12% and a net margin of 6.21%. As a group, sell-side analysts predict that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.28 dividend on an annualized basis and a yield of 2.5%. Centerra Gold’s dividend payout ratio is 60.61%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CGAU shares. CIBC restated an “outperform” rating on shares of Centerra Gold in a report on Tuesday, July 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Centerra Gold in a research note on Friday. Royal Bank Of Canada downgraded Centerra Gold from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $13.00 to $14.00 in a research note on Wednesday, September 10th. Wall Street Zen upgraded Centerra Gold from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Centerra Gold in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.17.

Centerra Gold Company 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.