Barclays PLC Has $537,000 Stake in Centerra Gold Inc. (NYSE:CGAU)

Barclays PLC grew its holdings in Centerra Gold Inc. (NYSE:CGAU) by 284.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 74,930 shares of the company’s stock after purchasing an additional 55,444 shares during the quarter. Barclays PLC’s holdings in Centerra Gold were worth $537,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. CWM LLC bought a new position in shares of Centerra Gold in the third quarter valued at about $57,000. Capstone Investment Advisors LLC acquired a new stake in Centerra Gold in the 3rd quarter valued at about $89,000. Vanguard Personalized Indexing Management LLC increased its position in Centerra Gold by 12.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock valued at $96,000 after acquiring an additional 1,573 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Centerra Gold in the third quarter worth about $127,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Centerra Gold during the second quarter worth approximately $131,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Stock Up 3.5 %

Centerra Gold stock opened at $5.89 on Friday. The business’s 50-day simple moving average is $6.12 and its 200 day simple moving average is $6.65. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 12.27 and a beta of 0.89. Centerra Gold Inc. has a 12-month low of $4.47 and a 12-month high of $7.82.

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

Centerra Gold Increases Dividend

The firm also recently announced 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 represents a $0.21 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Wednesday, November 13th. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s payout ratio is currently 41.67%.

Wall Street Analysts Forecast Growth

Separately, Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Centerra Gold has an average rating of “Moderate Buy” and an average price target of $11.00.

Centerra Gold 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.