Public Sector Pension Investment Board Buys 411,330 Shares of Centerra Gold Inc. (NYSE:CGAU)

Public Sector Pension Investment Board grew its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 96.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 838,166 shares of the company’s stock after acquiring an additional 411,330 shares during the quarter. Public Sector Pension Investment Board owned about 0.38% of Centerra Gold worth $5,407,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CGAU. First Trust Advisors LP bought a new position in Centerra Gold in the 4th quarter valued at approximately $64,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Centerra Gold during the fourth quarter valued at $66,000. UBS Group AG boosted its position in shares of Centerra Gold by 431.3% during the third quarter. UBS Group AG now owns 22,537 shares of the company’s stock valued at $99,000 after buying an additional 18,295 shares during the last quarter. Scotia Capital Inc. bought a new stake in Centerra Gold in the 1st quarter worth about $108,000. Finally, Citigroup Inc. raised its position in Centerra Gold by 46.8% in the 4th quarter. Citigroup Inc. now owns 23,644 shares of the company’s stock worth $122,000 after buying an additional 7,543 shares during the last quarter. Hedge funds and other institutional investors own 51.53% of the company’s stock.

Centerra Gold Trading Down 1.5 %

NYSE CGAU opened at $5.89 on Monday. The business’s fifty day moving average is $6.02 and its 200 day moving average is $6.22. Centerra Gold Inc. has a fifty-two week low of $3.77 and a fifty-two week high of $7.71.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Monday, July 31st. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.01). The company had revenue of $184.52 million during the quarter. Centerra Gold had a negative return on equity of 6.96% and a negative net margin of 34.71%. During the same quarter in the prior year, the business earned ($0.12) earnings per share. As a group, equities research analysts predict that Centerra Gold Inc. will post 0.09 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th were paid a $0.053 dividend. The ex-dividend date of this dividend was Monday, August 14th. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 dividend on an annualized basis and a dividend yield of 3.60%. Centerra Gold’s dividend payout ratio is -16.67%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CGAU. Raymond James raised shares of Centerra Gold from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 31st. Scotiabank assumed coverage on Centerra Gold in a report on Thursday, May 25th. They set an “outperform” rating on the stock. CIBC cut their price objective on Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, May 16th. National Bank Financial lowered their target price on Centerra Gold from C$13.00 to C$12.50 in a report on Thursday, May 18th. Finally, TD Securities raised shares of Centerra Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, May 31st.

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 include the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt Gold Mine located in Turkey.