Invesco Ltd. Has $13.85 Million Stock Holdings in Centerra Gold Inc. $CGAU

Invesco Ltd. grew its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 37.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,180,721 shares of the company’s stock after acquiring an additional 594,674 shares during the quarter. Invesco Ltd. owned 1.04% of Centerra Gold worth $13,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Vise Technologies Inc. purchased a new position in Centerra Gold during the 4th quarter worth $58,000. OMERS ADMINISTRATION Corp purchased a new position in Centerra Gold during the 4th quarter worth $79,000. Aquatic Capital Management LLC purchased a new position in Centerra Gold during the 4th quarter worth $82,000. Capstone Investment Advisors LLC boosted its holdings in Centerra Gold by 34.2% during the 4th quarter. Capstone Investment Advisors LLC now owns 16,712 shares of the company’s stock worth $95,000 after acquiring an additional 4,263 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Centerra Gold by 74.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 18,488 shares of the company’s stock worth $117,000 after acquiring an additional 7,895 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Centerra Gold Price Performance

Shares of Centerra Gold stock opened at $7.7450 on Friday. Centerra Gold Inc. has a 1 year low of $5.41 and a 1 year high of $7.82. The firm has a market cap of $1.57 billion, a PE ratio of 23.47, a P/E/G ratio of 0.57 and a beta of 0.80. The stock has a fifty day moving average price of $7.23 and a 200-day moving average price of $6.76.

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

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, August 21st. Centerra Gold’s dividend payout ratio is currently 60.61%.

Analysts Set New Price Targets

CGAU has been the topic of a number of analyst reports. BMO Capital Markets downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 8th. Wall Street Zen raised shares of Centerra Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. CIBC reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Tuesday, July 15th. Cibc World Mkts raised Centerra Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 27th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

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.