Centerra Gold Inc. $CGAU Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,000 shares of the company’s stock after selling 3,000 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Centerra Gold were worth $360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CWM LLC lifted its position in shares of Centerra Gold by 15.6% during the 2nd quarter. CWM LLC now owns 14,480 shares of the company’s stock valued at $104,000 after acquiring an additional 1,955 shares during the period. Hsbc Holdings PLC lifted its position in shares of Centerra Gold by 4.7% during the 1st quarter. Hsbc Holdings PLC now owns 55,268 shares of the company’s stock valued at $351,000 after acquiring an additional 2,499 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of Centerra Gold during the 2nd quarter valued at approximately $27,000. Northwest & Ethical Investments L.P. lifted its position in shares of Centerra Gold by 29.1% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 19,488 shares of the company’s stock valued at $124,000 after acquiring an additional 4,398 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Centerra Gold by 43.0% during the 1st quarter. Bank of New York Mellon Corp now owns 20,183 shares of the company’s stock valued at $128,000 after acquiring an additional 6,071 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. CIBC reiterated an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, July 15th. BMO Capital Markets reiterated a “market perform” rating on shares of Centerra Gold in a research report on Monday, September 15th. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a research report on Thursday. Wall Street Zen upgraded Centerra Gold from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Finally, Raymond James Financial downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.17.

Centerra Gold Stock Performance

CGAU stock opened at $11.14 on Friday. The stock has a market capitalization of $2.25 billion, a P/E ratio of 33.74, a PEG ratio of 0.72 and a beta of 0.88. Centerra Gold Inc. has a one year low of $5.41 and a one year high of $12.80. The company has a 50 day moving average price of $9.77 and a two-hundred day moving average price of $7.98.

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

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.28 annualized dividend and a dividend yield of 2.5%. Centerra Gold’s payout ratio is currently 60.61%.

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.