42,900 Shares in Centerra Gold Inc. (NYSE:CGAU) Purchased by Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in shares of Centerra Gold Inc. (NYSE:CGAU) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 42,900 shares of the company’s stock, valued at approximately $244,000. Centerra Gold makes up 0.3% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s investment portfolio, making the stock its 19th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in CGAU. Bank of Montreal Can increased its position in shares of Centerra Gold by 59.0% during the 3rd quarter. Bank of Montreal Can now owns 3,869,035 shares of the company’s stock worth $28,690,000 after purchasing an additional 1,435,794 shares in the last quarter. Quantbot Technologies LP grew its stake in Centerra Gold by 129.6% during the third quarter. Quantbot Technologies LP now owns 57,796 shares of the company’s stock worth $414,000 after buying an additional 32,621 shares during the last quarter. FMR LLC increased its holdings in shares of Centerra Gold by 114.5% during the third quarter. FMR LLC now owns 37,100 shares of the company’s stock worth $266,000 after buying an additional 19,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Centerra Gold by 8.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,308 shares of the company’s stock valued at $419,000 after acquiring an additional 4,373 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. boosted its holdings in shares of Centerra Gold by 15.1% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 150,869 shares of the company’s stock worth $1,083,000 after acquiring an additional 19,791 shares in the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on CGAU shares. Scotiabank cut their price objective on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 15th. Cormark cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Desjardins lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. National Bank Financial upgraded shares of Centerra Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, CIBC reiterated a “neutral” rating on shares of Centerra Gold in a research report on Thursday, March 20th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.00.

Centerra Gold Trading Down 1.0 %

NYSE CGAU opened at $6.35 on Friday. Centerra Gold Inc. has a 12 month low of $5.46 and a 12 month high of $7.82. The stock has a 50-day simple moving average of $6.17 and a 200 day simple moving average of $6.34. The company has a market capitalization of $1.33 billion, a PE ratio of 17.63 and a beta of 0.92.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The firm had revenue of $302.40 million during the quarter, compared to analyst estimates of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. As a group, sell-side analysts predict that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, March 13th. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a yield of 4.41%. Centerra Gold’s payout ratio is currently 52.78%.

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.