Centerra Gold Inc. $CGAU Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its holdings in Centerra Gold Inc. (NYSE:CGAU) by 7.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 912,931 shares of the company’s stock after selling 72,382 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.44% of Centerra Gold worth $5,791,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of CGAU. Vise Technologies Inc. acquired a new stake in shares of Centerra Gold during the 4th quarter valued at $58,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Centerra Gold during the fourth quarter worth $79,000. Aquatic Capital Management LLC acquired a new stake in Centerra Gold during the fourth quarter valued at $82,000. Capstone Investment Advisors LLC grew its stake in Centerra Gold by 34.2% in the fourth 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Centerra Gold by 74.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,488 shares of the company’s stock valued at $117,000 after purchasing an additional 7,895 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Cibc World Mkts upgraded Centerra Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 27th. National Bankshares reiterated an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, June 24th. Wall Street Zen upgraded Centerra Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. CIBC reiterated an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, July 15th. Finally, BMO Capital Markets downgraded Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 8th. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Centerra Gold Stock Down 0.6%

Centerra Gold stock opened at $7.82 on Thursday. The business has a 50 day moving average price of $7.27 and a two-hundred day moving average price of $6.78. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 0.59 and a beta of 0.80. Centerra Gold Inc. has a 12 month low of $5.41 and a 12 month high of $7.87.

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

Centerra Gold Dividend Announcement

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