Allspring Global Investments Holdings LLC Sells 535,681 Shares of Centerra Gold Inc. (NYSE:CGAU)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 91.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,000 shares of the company’s stock after selling 535,681 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Centerra Gold were worth $336,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vise Technologies Inc. acquired a new position in shares of Centerra Gold during the fourth quarter valued at about $58,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Centerra Gold during the 4th quarter valued at approximately $60,000. Susquehanna Advisors Group Inc. purchased a new stake in Centerra Gold in the 4th quarter worth approximately $61,000. OMERS ADMINISTRATION Corp purchased a new stake in Centerra Gold in the 4th quarter worth approximately $79,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Centerra Gold during the 4th quarter valued at $82,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analyst Ratings Changes

CGAU has been the topic of several recent research reports. National Bank Financial raised shares of Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st. National Bankshares reissued an “outperform” rating on shares of Centerra Gold in a report on Tuesday, June 24th. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a research report on Monday, April 14th. Cibc World Mkts upgraded shares of Centerra Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 27th. Finally, Raymond James Financial restated an “outperform” rating on shares of Centerra Gold in a research report on Friday, April 4th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Centerra Gold has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Centerra Gold Trading Up 0.4%

Shares of CGAU opened at $7.18 on Friday. Centerra Gold Inc. has a twelve month low of $5.41 and a twelve month high of $7.82. The company has a market cap of $1.48 billion, a P/E ratio of 37.79, a P/E/G ratio of 0.39 and a beta of 0.81. The company’s fifty day simple moving average is $7.08 and its 200-day simple moving average is $6.48.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. Centerra Gold had a net margin of 3.68% and a return on equity of 8.71%. The firm had revenue of $299.50 million for the quarter, compared to analysts’ expectations of $288.25 million. Analysts predict that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Thursday, May 22nd. Centerra Gold’s dividend payout ratio is currently 105.26%.

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.