JPMorgan Chase & Co. Has $1.84 Million Stake in Centerra Gold Inc. (NYSE:CGAU)

JPMorgan Chase & Co. reduced its holdings in Centerra Gold Inc. (NYSE:CGAU) by 16.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 323,339 shares of the company’s stock after selling 61,860 shares during the period. JPMorgan Chase & Co. owned approximately 0.15% of Centerra Gold worth $1,840,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Centerra Gold during the 4th quarter worth about $59,000. Wilmington Savings Fund Society FSB acquired a new position in Centerra Gold during the fourth quarter valued at approximately $80,000. HighTower Advisors LLC bought a new stake in Centerra Gold in the third quarter valued at approximately $127,000. Entropy Technologies LP acquired a new stake in Centerra Gold in the fourth quarter worth $177,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Centerra Gold during the fourth quarter worth $258,000. 55.40% of the stock is owned by institutional investors.

Centerra Gold Stock Performance

NYSE:CGAU opened at $6.74 on Friday. The stock has a 50-day simple moving average of $6.18 and a 200 day simple moving average of $6.24. Centerra Gold Inc. has a 52-week low of $5.41 and a 52-week high of $7.82. The company has a market cap of $1.41 billion, a PE ratio of 18.71 and a beta of 0.81.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $302.40 million for the quarter, compared to the consensus estimate of $316.92 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. On average, research analysts predict that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.07 dividend. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Thursday, March 13th. Centerra Gold’s payout ratio is presently 52.78%.

Analysts Set New Price Targets

CGAU has been the subject of a number of recent analyst reports. National Bank Financial upgraded shares of Centerra Gold to a “strong-buy” rating in a research report on Friday, March 21st. CIBC restated a “neutral” rating on shares of Centerra Gold in a report on Thursday, March 20th. National Bankshares reiterated an “outperform” rating on shares of Centerra Gold in a report on Wednesday, April 2nd. Raymond James reissued an “outperform” rating on shares of Centerra Gold in a research note on Friday, April 4th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Centerra Gold in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Centerra Gold 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.