Public Employees Retirement System of Ohio Acquires New Holdings in Centerra Gold Inc. (NYSE:CGAU)

Public Employees Retirement System of Ohio bought a new stake in Centerra Gold Inc. (NYSE:CGAU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 619,698 shares of the company’s stock, valued at approximately $4,454,000. Public Employees Retirement System of Ohio owned approximately 0.29% of Centerra Gold at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CGAU. U S Global Investors Inc. boosted its holdings in shares of Centerra Gold by 3.2% during the 2nd quarter. U S Global Investors Inc. now owns 1,009,583 shares of the company’s stock valued at $6,941,000 after acquiring an additional 31,377 shares in the last quarter. Polunin Capital Partners Ltd bought a new stake in shares of Centerra Gold during the second quarter worth about $3,758,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Centerra Gold in the second quarter valued at approximately $6,772,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Centerra Gold in the 2nd quarter valued at approximately $154,000. Finally, CIBC Asset Management Inc boosted its position in Centerra Gold by 7.4% during the 2nd quarter. CIBC Asset Management Inc now owns 267,307 shares of the company’s stock worth $1,796,000 after buying an additional 18,359 shares during the period. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Price Performance

Shares of CGAU opened at $5.83 on Friday. The business has a 50-day moving average of $6.51 and a 200-day moving average of $6.76. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 12.15 and a beta of 0.89. Centerra Gold Inc. has a 1 year low of $4.47 and a 1 year high of $7.82.

Centerra Gold (NYSE:CGAU) last released its earnings results on Thursday, October 31st. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. The firm had revenue of $323.93 million for the quarter. During the same period in the previous year, the company earned $0.20 earnings per share. As a group, sell-side analysts anticipate that Centerra Gold Inc. will post 0.79 EPS for the current year.

Centerra Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.052 per share. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.21 annualized dividend and a yield of 3.57%. Centerra Gold’s dividend payout ratio is presently 41.67%.

Analyst Ratings Changes

Separately, Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Centerra Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

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.