Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Purchases 47,000 Shares of Centerra Gold Inc. $CGAU

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. raised its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 99.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,100 shares of the company’s stock after purchasing an additional 47,000 shares during the quarter. Centerra Gold accounts for about 2.9% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s investment portfolio, making the stock its 17th biggest holding. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in Centerra Gold were worth $1,366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Baron Wealth Management LLC increased its stake in Centerra Gold by 10.8% during the 4th quarter. Baron Wealth Management LLC now owns 25,981 shares of the company’s stock valued at $373,000 after purchasing an additional 2,542 shares in the last quarter. Burkett Financial Services LLC increased its stake in Centerra Gold by 27.5% during the 4th quarter. Burkett Financial Services LLC now owns 3,569 shares of the company’s stock valued at $51,000 after purchasing an additional 769 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Centerra Gold by 146.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,367,172 shares of the company’s stock valued at $14,670,000 after purchasing an additional 811,803 shares in the last quarter. Polar Asset Management Partners Inc. bought a new stake in Centerra Gold during the 3rd quarter valued at about $2,036,000. Finally, Voleon Capital Management LP bought a new stake in Centerra Gold during the 3rd quarter valued at about $122,000. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Trading Down 0.2%

NYSE:CGAU opened at $18.26 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 1.65 and a debt-to-equity ratio of 0.04. Centerra Gold Inc. has a 12 month low of $5.41 and a 12 month high of $21.17. The company has a market cap of $3.65 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 0.90 and a beta of 0.90. The company has a 50 day simple moving average of $18.29 and a two-hundred day simple moving average of $14.90.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Thursday, February 19th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Centerra Gold had a net margin of 42.18% and a return on equity of 12.42%. The business had revenue of $401.60 million during the quarter, compared to the consensus estimate of $355.39 million. Research analysts forecast that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, March 12th. Centerra Gold’s payout ratio is 7.39%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Scotiabank raised their price objective on shares of Centerra Gold from $13.50 to $19.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Centerra Gold in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a research note on Friday, March 27th. Zacks Research lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Centerra Gold Company Profile

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.