Mirae Asset Global Investments Co. Ltd. Has $973,000 Stake in Centerra Gold Inc. (NYSE:CGAU)

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,169 shares of the company’s stock after selling 17,877 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Centerra Gold were worth $973,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in shares of Centerra Gold by 99.6% in the third quarter. American Century Companies Inc. now owns 1,135,677 shares of the company’s stock valued at $5,552,000 after acquiring an additional 566,652 shares during the last quarter. Vanguard Group Inc. raised its position in Centerra Gold by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 8,031,893 shares of the company’s stock valued at $39,356,000 after purchasing an additional 220,263 shares during the last quarter. Deutsche Bank AG boosted its stake in Centerra Gold by 818.1% in the third quarter. Deutsche Bank AG now owns 169,704 shares of the company’s stock worth $832,000 after purchasing an additional 151,220 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Centerra Gold by 134.2% during the third quarter. Hsbc Holdings PLC now owns 35,587 shares of the company’s stock worth $174,000 after purchasing an additional 20,389 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Centerra Gold by 91.9% in the third quarter. Mackenzie Financial Corp now owns 3,384,834 shares of the company’s stock valued at $15,775,000 after buying an additional 1,621,158 shares in the last quarter. 55.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CGAU has been the topic of several research reports. BMO Capital Markets initiated coverage on shares of Centerra Gold in a research report on Wednesday, February 21st. They set an “outperform” rating on the stock. Raymond James reduced their target price on shares of Centerra Gold from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, December 29th. CIBC raised their price target on shares of Centerra Gold from $9.50 to $11.00 and gave the company an “outperformer” rating in a report on Monday, April 15th. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Centerra Gold in a report on Monday, April 8th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Centerra Gold currently has a consensus rating of “Buy” and a consensus target price of $9.78.

Centerra Gold Price Performance

Shares of NYSE:CGAU opened at $6.34 on Wednesday. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -17.13 and a beta of 0.98. The company has a 50 day moving average of $5.66 and a 200-day moving average of $5.56. Centerra Gold Inc. has a one year low of $4.47 and a one year high of $7.23.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The business had revenue of $340.00 million during the quarter. Centerra Gold had a negative net margin of 7.43% and a positive return on equity of 0.62%. Equities research analysts anticipate that Centerra Gold Inc. will post 0.51 earnings per share for the current year.

Centerra Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were paid a dividend of $0.0518 per share. The ex-dividend date was Tuesday, March 12th. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 dividend on an annualized basis and a dividend yield of 3.27%. Centerra Gold’s payout ratio is -43.24%.

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.