Franklin Resources Inc. Has $3.31 Million Holdings in Centerra Gold Inc. $CGAU

Franklin Resources Inc. decreased its holdings in Centerra Gold Inc. (NYSE:CGAU) by 23.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 459,727 shares of the company’s stock after selling 142,997 shares during the period. Franklin Resources Inc. owned about 0.22% of Centerra Gold worth $3,314,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CGAU. Farther Finance Advisors LLC purchased a new position in Centerra Gold during the second quarter valued at approximately $27,000. Pinnacle Holdings LLC acquired a new stake in shares of Centerra Gold during the 1st quarter valued at $39,000. Carrera Capital Advisors acquired a new stake in shares of Centerra Gold during the 2nd quarter valued at $81,000. Olympiad Research LP purchased a new position in shares of Centerra Gold during the 2nd quarter valued at $89,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Centerra Gold in the first quarter worth $97,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank Of Canada cut Centerra Gold from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $13.00 to $14.00 in a research report on Wednesday, September 10th. Raymond James Financial reiterated a “market perform” rating on shares of Centerra Gold in a report on Thursday, October 30th. Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a research note on Thursday, October 23rd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Centerra Gold in a research report on Monday, September 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.17.

Centerra Gold Stock Down 1.7%

Shares of CGAU stock opened at $13.06 on Wednesday. The stock’s 50 day simple moving average is $11.65 and its 200 day simple moving average is $9.00. Centerra Gold Inc. has a twelve month low of $5.41 and a twelve month high of $13.47. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.89. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 7.96, a PEG ratio of 0.50 and a beta of 0.88.

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

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, November 13th were paid a $0.07 dividend. The ex-dividend date 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 (DPR) is presently 12.20%.

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.