Zurcher Kantonalbank Zurich Cantonalbank Has $419,000 Stock Position in Centerra Gold Inc. (NYSE:CGAU)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Centerra Gold Inc. (NYSE:CGAU) by 8.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,308 shares of the company’s stock after purchasing an additional 4,373 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Centerra Gold were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. CWM LLC bought a new stake in Centerra Gold in the third quarter valued at $57,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Centerra Gold by 12.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock worth $96,000 after purchasing an additional 1,573 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Centerra Gold during the 2nd quarter worth about $131,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Centerra Gold during the 2nd quarter worth about $154,000. Finally, Toronto Dominion Bank lifted its holdings in Centerra Gold by 184.6% during the 2nd quarter. Toronto Dominion Bank now owns 27,614 shares of the company’s stock valued at $186,000 after purchasing an additional 17,912 shares during the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Centerra Gold Stock Down 2.7 %

Shares of NYSE CGAU opened at $5.84 on Friday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 12.17 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. The firm’s 50-day simple moving average is $6.64 and its 200 day simple moving average is $6.80.

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

Centerra Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.052 dividend. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is 43.75%.

Wall Street Analyst Weigh In

Separately, Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.00.

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.