Invesco Ltd. Has $9.03 Million Position in Centerra Gold Inc. (NYSE:CGAU)

Invesco Ltd. lifted its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 11.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,586,047 shares of the company’s stock after buying an additional 160,507 shares during the period. Invesco Ltd. owned about 0.76% of Centerra Gold worth $9,025,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in Centerra Gold during the fourth quarter worth $59,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Centerra Gold in the 4th quarter valued at about $60,000. Wilmington Savings Fund Society FSB acquired a new stake in Centerra Gold in the 4th quarter valued at about $80,000. HighTower Advisors LLC bought a new position in Centerra Gold during the third quarter worth about $127,000. Finally, Entropy Technologies LP acquired a new position in Centerra Gold during the fourth quarter worth approximately $177,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Trading Down 2.0 %

NYSE CGAU opened at $6.69 on Thursday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 18.58 and a beta of 0.81. The company has a 50 day moving average of $6.17 and a 200-day moving average of $6.24. Centerra Gold Inc. has a 1-year low of $5.41 and a 1-year high of $7.82.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, equities research analysts forecast that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 yield of 4.19%. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s dividend payout ratio (DPR) is 52.78%.

Wall Street Analyst Weigh In

Several analysts recently commented on CGAU shares. National Bank Financial raised shares of Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st. Cormark cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Desjardins lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. CIBC reissued a “neutral” rating on shares of Centerra Gold in a report on Thursday, March 20th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.00.

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.