Centerra Gold Inc. (NYSE:CGAU) Stock Holdings Lifted by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in Centerra Gold Inc. (NYSE:CGAU) by 91.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,218 shares of the company’s stock after buying an additional 11,093 shares during the quarter. Deutsche Bank AG’s holdings in Centerra Gold were worth $132,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CGAU. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Centerra Gold by 96.5% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 100,000 shares of the company’s stock valued at $569,000 after buying an additional 49,108 shares during the last quarter. CoreCommodity Management LLC lifted its position in Centerra Gold by 35.0% in the 4th quarter. CoreCommodity Management LLC now owns 414,344 shares of the company’s stock valued at $2,353,000 after purchasing an additional 107,448 shares during the last quarter. Capstone Investment Advisors LLC lifted its position in Centerra Gold by 34.2% in the 4th quarter. Capstone Investment Advisors LLC now owns 16,712 shares of the company’s stock valued at $95,000 after purchasing an additional 4,263 shares during the last quarter. Bastion Asset Management Inc. bought a new stake in Centerra Gold in the 4th quarter valued at about $4,586,000. Finally, BNP Paribas Financial Markets bought a new stake in Centerra Gold in the 4th quarter valued at about $396,000. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Price Performance

Shares of NYSE:CGAU opened at $7.57 on Wednesday. Centerra Gold Inc. has a 12 month low of $5.41 and a 12 month high of $7.82. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 21.02 and a beta of 0.80. The stock’s 50 day moving average price is $6.65 and its 200 day moving average price is $6.24.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The company had revenue of $299.50 million for the quarter, compared to the consensus estimate of $288.25 million. On average, sell-side analysts expect that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Thursday, May 22nd. Centerra Gold’s dividend payout ratio (DPR) is presently 100.00%.

Analysts Set New Price Targets

CGAU has been the topic of a number of recent analyst reports. National Bankshares reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Wednesday, April 23rd. Cormark downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. CIBC reaffirmed a “neutral” rating on shares of Centerra Gold in a research note on Thursday, March 20th. Desjardins downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, National Bank Financial upgraded shares of Centerra Gold to a “strong-buy” rating in a research note on Friday, March 21st. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

About Centerra Gold

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.