Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Buys Shares of 42,900 Centerra Gold Inc. (NYSE:CGAU)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in shares of Centerra Gold Inc. (NYSE:CGAU) in the fourth quarter, HoldingsChannel reports. The fund purchased 42,900 shares of the company’s stock, valued at approximately $244,000. Centerra Gold comprises about 0.3% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s portfolio, making the stock its 19th largest holding.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Centerra Gold by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 8,254,618 shares of the company’s stock worth $46,977,000 after purchasing an additional 76,544 shares in the last quarter. American Century Companies Inc. lifted its position in Centerra Gold by 34.1% during the 4th quarter. American Century Companies Inc. now owns 3,291,860 shares of the company’s stock worth $18,733,000 after buying an additional 836,777 shares in the last quarter. Quantbot Technologies LP lifted its position in Centerra Gold by 56.9% during the 4th quarter. Quantbot Technologies LP now owns 90,664 shares of the company’s stock worth $516,000 after buying an additional 32,868 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Centerra Gold during the 4th quarter worth about $413,000. Finally, Intact Investment Management Inc. grew its holdings in shares of Centerra Gold by 35.6% in the 4th quarter. Intact Investment Management Inc. now owns 267,500 shares of the company’s stock valued at $1,522,000 after acquiring an additional 70,200 shares in the last quarter. 55.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CGAU. Cormark lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. CIBC reissued a “neutral” rating on shares of Centerra Gold in a research note on Thursday, March 20th. Desjardins lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Thursday, February 13th. Scotiabank decreased their price objective on shares of Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 15th. Finally, National Bank Financial upgraded shares of Centerra Gold to a “strong-buy” rating in a research note on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Centerra Gold Trading Down 1.0 %

CGAU opened at $6.35 on Friday. The stock’s fifty day simple moving average is $6.17 and its 200 day simple moving average is $6.34. Centerra Gold Inc. has a 1-year low of $5.46 and a 1-year high of $7.82. The stock has a market cap of $1.33 billion, a PE ratio of 17.63 and a beta of 0.92.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $302.40 million during the quarter, compared to analyst estimates of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. Equities analysts forecast that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date was Thursday, March 13th. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s payout ratio is currently 52.78%.

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.