Toronto Dominion Bank Acquires 6,307 Shares of Centerra Gold Inc. (NYSE:CGAU)

Toronto Dominion Bank increased its holdings in Centerra Gold Inc. (NYSE:CGAU) by 22.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,921 shares of the company’s stock after purchasing an additional 6,307 shares during the period. Toronto Dominion Bank’s holdings in Centerra Gold were worth $243,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Centerra Gold by 378.7% in the 3rd quarter. Geode Capital Management LLC now owns 454,939 shares of the company’s stock worth $4,152,000 after buying an additional 359,905 shares in the last quarter. Barclays PLC lifted its holdings in shares of Centerra Gold by 284.5% in the 3rd quarter. Barclays PLC now owns 74,930 shares of the company’s stock valued at $537,000 after acquiring an additional 55,444 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Centerra Gold in the third quarter worth about $4,454,000. Y Intercept Hong Kong Ltd increased its stake in Centerra Gold by 34.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 119,123 shares of the company’s stock worth $853,000 after acquiring an additional 30,264 shares during the last quarter. Finally, National Bank of Canada FI raised its position in Centerra Gold by 17.9% during the third quarter. National Bank of Canada FI now owns 608,701 shares of the company’s stock valued at $4,368,000 after purchasing an additional 92,255 shares during the period. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Centerra Gold Price Performance

Shares of NYSE CGAU opened at $5.98 on Tuesday. Centerra Gold Inc. has a 1 year low of $4.47 and a 1 year high of $7.82. The firm has a 50-day simple moving average of $6.50 and a two-hundred day simple moving average of $6.75. The company has a market cap of $1.26 billion, a P/E ratio of 12.45 and a beta of 0.89.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. The business had revenue of $323.93 million during the quarter. During the same quarter last year, the firm posted $0.20 EPS. As a group, equities research 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. Stockholders of record on Wednesday, November 13th were given a dividend of $0.052 per share. This represents a $0.21 annualized dividend and a dividend yield of 3.48%. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is 41.67%.

Analyst Ratings Changes

Separately, Desjardins upgraded Centerra Gold to a “moderate buy” rating in a report 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 presently has a consensus rating of “Moderate Buy” and a consensus price target 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.