American Century Companies Inc. Buys 436,175 Shares of Centerra Gold Inc. $CGAU

American Century Companies Inc. grew its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 12.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,054,829 shares of the company’s stock after purchasing an additional 436,175 shares during the quarter. American Century Companies Inc. owned about 1.98% of Centerra Gold worth $29,211,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CGAU. Bank of New York Mellon Corp increased its holdings in Centerra Gold by 43.0% during the first quarter. Bank of New York Mellon Corp now owns 20,183 shares of the company’s stock worth $128,000 after buying an additional 6,071 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Centerra Gold during the 1st quarter worth about $1,128,000. Atria Wealth Solutions Inc. raised its holdings in shares of Centerra Gold by 80.0% in the 1st quarter. Atria Wealth Solutions Inc. now owns 90,000 shares of the company’s stock valued at $571,000 after purchasing an additional 40,000 shares during the period. Vanguard Group Inc. lifted its stake in Centerra Gold by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,310,457 shares of the company’s stock valued at $52,722,000 after purchasing an additional 55,839 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Centerra Gold by 1,792.9% during the first quarter. Deutsche Bank AG now owns 439,501 shares of the company’s stock worth $2,791,000 after purchasing an additional 416,283 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on CGAU. Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. Royal Bank Of Canada downgraded Centerra Gold from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $13.00 to $14.00 in a report on Wednesday, September 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a report on Tuesday, November 25th. BMO Capital Markets reissued a “market perform” rating on shares of Centerra Gold in a research report on Monday, September 15th. Finally, Wall Street Zen raised shares of Centerra Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.17.

Centerra Gold Trading Up 2.5%

CGAU stock opened at $13.25 on Monday. Centerra Gold Inc. has a 52 week low of $5.41 and a 52 week high of $13.30. The company has a market capitalization of $2.67 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 0.62 and a beta of 0.89. The company’s 50-day simple moving average is $11.52 and its 200 day simple moving average is $8.91. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.59 and a current ratio of 2.89.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Centerra Gold had a net margin of 26.35% and a return on equity of 10.47%. The firm had revenue of $395.20 million during the quarter, compared to the consensus estimate of $314.74 million. As a group, sell-side analysts anticipate that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, November 13th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.28 dividend on an annualized basis and a yield of 2.1%. Centerra Gold’s dividend payout ratio is currently 11.59%.

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.