DekaBank Deutsche Girozentrale Invests $131,000 in Centerra Gold Inc. (NYSE:CGAU)

DekaBank Deutsche Girozentrale acquired a new position in Centerra Gold Inc. (NYSE:CGAU) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 19,069 shares of the company’s stock, valued at approximately $131,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake in shares of Centerra Gold by 594.6% in the 2nd quarter. Acadian Asset Management LLC now owns 8,862,170 shares of the company’s stock valued at $59,532,000 after purchasing an additional 7,586,370 shares during the last quarter. Pale Fire Capital SE grew its holdings in Centerra Gold by 1,136.9% during the 4th quarter. Pale Fire Capital SE now owns 1,807,787 shares of the company’s stock worth $10,774,000 after acquiring an additional 1,661,638 shares during the period. Van ECK Associates Corp raised its position in shares of Centerra Gold by 7.6% during the 1st quarter. Van ECK Associates Corp now owns 22,034,754 shares of the company’s stock valued at $130,191,000 after acquiring an additional 1,552,601 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Centerra Gold by 132.8% in the 2nd quarter. American Century Companies Inc. now owns 1,835,673 shares of the company’s stock valued at $12,345,000 after purchasing an additional 1,047,142 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Centerra Gold in the 2nd quarter worth $6,772,000. 55.40% of the stock is owned by institutional investors.

Centerra Gold Price Performance

NYSE CGAU opened at $6.93 on Friday. The stock’s 50-day moving average is $6.82 and its 200-day moving average is $6.56. Centerra Gold Inc. has a one year low of $4.47 and a one year high of $7.51. The firm has a market cap of $1.48 billion, a P/E ratio of 25.67 and a beta of 0.98.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.07. Centerra Gold had a net margin of 10.68% and a return on equity of 10.72%. The company had revenue of $282.31 million during the quarter. During the same quarter last year, the company earned ($0.20) EPS. Equities analysts anticipate that Centerra Gold Inc. will post 0.81 EPS for the current year.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.051 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Thursday, August 15th. Centerra Gold’s dividend payout ratio is 74.07%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CGAU. CIBC reissued 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. Cibc World Mkts lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.80.

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.