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

PKO Investment Management Joint Stock Co trimmed its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 45.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in Centerra Gold by 15.6% in the 2nd quarter. CWM LLC now owns 14,480 shares of the company’s stock valued at $104,000 after buying an additional 1,955 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Centerra Gold by 4.7% in the 1st quarter. Hsbc Holdings PLC now owns 55,268 shares of the company’s stock valued at $351,000 after buying an additional 2,499 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in Centerra Gold in the 2nd quarter valued at $27,000. Northwest & Ethical Investments L.P. grew its holdings in shares of Centerra Gold by 29.1% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 19,488 shares of the company’s stock worth $124,000 after purchasing an additional 4,398 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Centerra Gold by 43.0% during the 1st quarter. Bank of New York Mellon Corp now owns 20,183 shares of the company’s stock worth $128,000 after purchasing an additional 6,071 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada cut Centerra Gold from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $13.00 to $14.00 in a report on Wednesday, September 10th. Wall Street Zen raised Centerra Gold from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. BMO Capital Markets reissued a “market perform” rating on shares of Centerra Gold in a research note on Monday, September 15th. CIBC reissued an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, July 15th. Finally, Raymond James Financial lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centerra Gold presently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

Centerra Gold Price Performance

Centerra Gold stock opened at $11.14 on Friday. Centerra Gold Inc. has a 1-year low of $5.41 and a 1-year high of $12.80. The company has a market cap of $2.25 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 0.73 and a beta of 0.88. The stock’s 50 day moving average price is $9.77 and its 200 day moving average price is $7.97.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.08. The firm had revenue of $288.30 million during the quarter, compared to analysts’ expectations of $319.42 million. Centerra Gold had a return on equity of 9.12% and a net margin of 6.21%. On average, equities research analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

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

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.