Centerra Gold Inc. $CGAU Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. lessened its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 31.0% in the 2nd quarter, Holdings Channel reports. The firm owned 527,284 shares of the company’s stock after selling 237,002 shares during the period. U S Global Investors Inc.’s holdings in Centerra Gold were worth $3,802,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Invesco Ltd. raised its position in shares of Centerra Gold by 37.5% during the 1st quarter. Invesco Ltd. now owns 2,180,721 shares of the company’s stock worth $13,848,000 after purchasing an additional 594,674 shares during the last quarter. Deutsche Bank AG grew its stake in Centerra Gold by 1,792.9% during the 1st quarter. Deutsche Bank AG now owns 439,501 shares of the company’s stock valued at $2,791,000 after acquiring an additional 416,283 shares in the last quarter. Hsbc Holdings PLC grew its stake in 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 in the last quarter. AMH Equity Ltd purchased a new stake in Centerra Gold during the 1st quarter valued at about $902,000. Finally, American Century Companies Inc. grew its stake in Centerra Gold by 9.9% during the 1st quarter. American Century Companies Inc. now owns 3,618,654 shares of the company’s stock valued at $22,958,000 after acquiring an additional 326,794 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Price Performance

Centerra Gold stock opened at $11.34 on Friday. The firm has a 50 day simple moving average of $8.87 and a 200-day simple moving average of $7.58. Centerra Gold Inc. has a 1-year low of $5.41 and a 1-year high of $11.83. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 1.52 and a beta of 0.88.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.08. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. The business had revenue of $288.30 million during the quarter, compared to analysts’ expectations of $319.42 million. Equities analysts expect 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. Investors of record on Thursday, August 21st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.5%. Centerra Gold’s dividend payout ratio (DPR) is presently 60.61%.

Analyst Ratings Changes

Several analysts recently issued reports on CGAU shares. National Bankshares reaffirmed an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, June 24th. Raymond James Financial cut shares of Centerra Gold from an “outperform” rating to a “market perform” rating in a research note on Friday. Wall Street Zen cut shares of Centerra Gold from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Centerra Gold in a research note on Monday, September 15th. Finally, Scotiabank dropped their price objective on shares of Centerra Gold from $12.00 to $9.50 and set a “sector outperform” rating for the company in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.83.

Centerra Gold Company 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.