Centerra Gold Inc. (NYSE:CGAU) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its stake in Centerra Gold Inc. (NYSE:CGAU) by 2.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 181,755 shares of the company’s stock after acquiring an additional 3,608 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Centerra Gold were worth $1,036,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Aquatic Capital Management LLC purchased a new stake in shares of Centerra Gold during the fourth quarter valued at $82,000. Susquehanna Advisors Group Inc. purchased a new stake in Centerra Gold during the fourth quarter valued at about $61,000. Hsbc Holdings PLC boosted its holdings in shares of Centerra Gold by 6.5% in the fourth quarter. Hsbc Holdings PLC now owns 52,769 shares of the company’s stock worth $299,000 after buying an additional 3,201 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of Centerra Gold by 121.8% in the fourth quarter. Guggenheim Capital LLC now owns 371,645 shares of the company’s stock worth $2,115,000 after buying an additional 204,057 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Centerra Gold in the fourth quarter worth approximately $207,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. CIBC restated a “neutral” rating on shares of Centerra Gold in a research report on Thursday, March 20th. Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a research note on Monday, April 14th. National Bankshares reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, April 23rd. Raymond James reiterated an “outperform” rating on shares of Centerra Gold in a report on Friday, April 4th. Finally, Cormark downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Centerra Gold Price Performance

CGAU opened at $6.61 on Wednesday. The company has a market capitalization of $1.39 billion, a PE ratio of 18.36 and a beta of 0.80. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $7.82. The business has a 50-day moving average of $6.37 and a 200-day moving average of $6.20.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $299.50 million for the quarter, compared to analyst estimates of $288.25 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. On average, equities research analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.24%. Centerra Gold’s dividend payout ratio is currently 100.00%.

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.