Campbell & CO Investment Adviser LLC Purchases 38,384 Shares of Centerra Gold Inc. (NYSE:CGAU)

Campbell & CO Investment Adviser LLC boosted its holdings in shares of Centerra Gold Inc. (NYSE:CGAUFree Report) by 82.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,148 shares of the company’s stock after acquiring an additional 38,384 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Centerra Gold were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Heron Bay Capital Management acquired a new position in shares of Centerra Gold during the 4th quarter worth about $77,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Centerra Gold during the 4th quarter worth $98,000. Hsbc Holdings PLC grew its stake in 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 buying an additional 20,389 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Centerra Gold by 3.9% during the 4th quarter. National Bank of Canada FI now owns 563,638 shares of the company’s stock worth $3,273,000 after acquiring an additional 21,219 shares in the last quarter. Finally, Insigneo Advisory Services LLC acquired a new stake in shares of Centerra Gold in the 3rd quarter valued at $223,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on CGAU. BMO Capital Markets began coverage on shares of Centerra Gold in a report on Wednesday, February 21st. They set an “outperform” rating on the stock. Scotiabank raised their target price on Centerra Gold from $8.00 to $9.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 23rd. CIBC lifted their price target on shares of Centerra Gold from $9.50 to $11.00 and gave the company an “outperformer” rating in a research report on Monday, April 15th. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Centerra Gold in a report on Monday, April 8th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, Centerra Gold has a consensus rating of “Buy” and an average target price of $9.34.

Check Out Our Latest Research Report on Centerra Gold

Centerra Gold Price Performance

CGAU stock opened at $6.67 on Monday. Centerra Gold Inc. has a one year low of $4.47 and a one year high of $7.51. The firm has a 50 day simple moving average of $6.49 and a two-hundred day simple moving average of $5.89. The stock has a market cap of $1.43 billion, a PE ratio of 24.70 and a beta of 0.99.

Centerra Gold (NYSE:CGAUGet Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $305.88 million during the quarter. Centerra Gold had a return on equity of 5.61% and a net margin of 4.99%. During the same quarter in the previous year, the business posted ($0.24) earnings per share. On average, research analysts expect that Centerra Gold Inc. will post 0.78 EPS for the current fiscal year.

Centerra Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.051 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.20 annualized dividend and a dividend yield of 3.06%. Centerra Gold’s payout ratio is 74.07%.

Centerra Gold Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Centerra Gold (NYSE:CGAU)

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