Centerra Gold Inc. $CGAU Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its holdings in Centerra Gold Inc. (NYSE:CGAU) by 1,792.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 439,501 shares of the company’s stock after purchasing an additional 416,283 shares during the quarter. Deutsche Bank AG owned 0.21% of Centerra Gold worth $2,791,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CGAU. Geode Capital Management LLC raised its holdings in Centerra Gold by 15.6% in the 4th quarter. Geode Capital Management LLC now owns 525,967 shares of the company’s stock worth $2,993,000 after purchasing an additional 71,028 shares during the period. Invesco Ltd. increased its stake in Centerra Gold by 11.3% during the 4th quarter. Invesco Ltd. now owns 1,586,047 shares of the company’s stock worth $9,025,000 after buying an additional 160,507 shares in the last quarter. Legal & General Group Plc increased its stake in Centerra Gold by 6.0% during the 4th quarter. Legal & General Group Plc now owns 673,664 shares of the company’s stock worth $3,832,000 after buying an additional 37,862 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Centerra Gold by 39.4% in the fourth quarter. Renaissance Technologies LLC now owns 841,400 shares of the company’s stock valued at $4,788,000 after purchasing an additional 237,800 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Centerra Gold in the fourth quarter valued at approximately $268,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CGAU. CIBC restated an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, July 15th. Wall Street Zen upgraded Centerra Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Cibc World Mkts upgraded Centerra Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 27th. BMO Capital Markets cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 8th. Finally, National Bankshares reiterated an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Centerra Gold currently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Centerra Gold Price Performance

NYSE:CGAU opened at $7.0850 on Wednesday. The firm has a market capitalization of $1.44 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 0.46 and a beta of 0.80. The business’s fifty day moving average price is $7.21 and its 200 day moving average price is $6.74. Centerra Gold Inc. has a 12 month low of $5.41 and a 12 month high of $7.82.

Centerra Gold (NYSE:CGAU) last announced its earnings results on Wednesday, August 6th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.08. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. The business had revenue of $288.30 million during the quarter, compared to the consensus estimate of $319.42 million. As a group, equities analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, August 21st. Centerra Gold’s dividend payout ratio (DPR) is 60.61%.

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.