Van ECK Associates Corp Has $101.20 Million Holdings in Centerra Gold Inc. (NYSE:CGAU)

Van ECK Associates Corp lessened its position in Centerra Gold Inc. (NYSE:CGAU) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 17,792,385 shares of the company’s stock after selling 573,682 shares during the period. Van ECK Associates Corp owned approximately 8.47% of Centerra Gold worth $101,204,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CGAU. CWM LLC bought a new position in shares of Centerra Gold in the third quarter valued at approximately $57,000. SG Americas Securities LLC bought a new position in shares of Centerra Gold in the fourth quarter valued at approximately $59,000. Wilmington Savings Fund Society FSB bought a new position in shares of Centerra Gold in the fourth quarter valued at approximately $80,000. Capstone Investment Advisors LLC bought a new position in shares of Centerra Gold in the third quarter valued at approximately $89,000. Finally, HighTower Advisors LLC bought a new stake in Centerra Gold during the third quarter worth $127,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Price Performance

NYSE:CGAU opened at $6.61 on Friday. The business has a fifty day simple moving average of $6.01 and a two-hundred day simple moving average of $6.51. Centerra Gold Inc. has a 1 year low of $4.60 and a 1 year high of $7.82. The company has a market capitalization of $1.39 billion, a P/E ratio of 13.76 and a beta of 0.91.

Analyst Ratings Changes

A number of analysts recently commented on CGAU shares. Desjardins upgraded Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Scotiabank dropped their price target on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $11.00.

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.