Amundi Sells 297,632 Shares of Centerra Gold Inc. $CGAU

Amundi lessened its holdings in Centerra Gold Inc. (NYSE:CGAU) by 11.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,209,437 shares of the company’s stock after selling 297,632 shares during the quarter. Amundi’s holdings in Centerra Gold were worth $16,416,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. CWM LLC grew its stake in shares of Centerra Gold by 15.6% in the 2nd quarter. CWM LLC now owns 14,480 shares of the company’s stock valued at $104,000 after purchasing an additional 1,955 shares during the period. Russell Investments Group Ltd. boosted its stake in Centerra Gold by 0.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 702,035 shares of the company’s stock valued at $5,045,000 after buying an additional 2,047 shares in the last quarter. Hsbc Holdings PLC grew its position in Centerra Gold by 4.7% in the first 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 during the period. Northwest & Ethical Investments L.P. raised its stake in Centerra Gold by 16.2% during the second quarter. Northwest & Ethical Investments L.P. now owns 22,648 shares of the company’s stock worth $163,000 after acquiring an additional 3,160 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new position in shares of Centerra Gold during the second quarter valued at $27,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Centerra Gold Price Performance

Shares of CGAU stock opened at $13.81 on Thursday. Centerra Gold Inc. has a 1 year low of $5.41 and a 1 year high of $13.94. The company has a current ratio of 2.89, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average is $12.00 and its 200-day moving average is $9.26. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 0.50 and a beta of 0.88.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Centerra Gold had a net margin of 26.35% and a return on equity of 10.47%. The business had revenue of $395.20 million during the quarter, compared to analyst estimates of $314.74 million. Sell-side analysts forecast that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is 12.20%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CGAU shares. Cormark raised shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a research report on Thursday, October 23rd. Royal Bank Of Canada lowered shares of Centerra Gold from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $13.00 to $14.00 in a report on Wednesday, September 10th. Wall Street Zen upgraded shares of Centerra Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Finally, Zacks Research upgraded Centerra Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.17.

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.