Public Employees Retirement System of Ohio Purchases 106,527 Shares of Centerra Gold Inc. $CGAU

Public Employees Retirement System of Ohio grew its position in Centerra Gold Inc. (NYSE:CGAU) by 14.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 869,098 shares of the company’s stock after buying an additional 106,527 shares during the period. Public Employees Retirement System of Ohio’s holdings in Centerra Gold were worth $15,372,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Osaic Holdings Inc. increased its position in shares of Centerra Gold by 63.0% during the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after acquiring an additional 1,839 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Centerra Gold in the 4th quarter worth approximately $36,000. Leonteq Securities AG bought a new position in Centerra Gold in the 4th quarter valued at approximately $72,000. Dynamic Technology Lab Private Ltd bought a new position in Centerra Gold in the 1st quarter valued at approximately $97,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Centerra Gold during the 4th quarter valued at $100,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a report on Tuesday, July 7th. Wall Street Zen downgraded Centerra Gold from a “buy” rating to a “hold” rating in a report on Saturday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.50.

Centerra Gold Stock Performance

Shares of CGAU stock opened at $16.21 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.41 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average price of $16.29 and a 200-day moving average price of $17.46. Centerra Gold Inc. has a 52 week low of $6.71 and a 52 week high of $21.17. The firm has a market capitalization of $3.21 billion, a PE ratio of 5.23, a P/E/G ratio of 0.61 and a beta of 0.81.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. The company had revenue of $484.70 million for the quarter, compared to the consensus estimate of $373.47 million. As a group, equities research analysts expect that Centerra Gold Inc. will post 1.61 earnings per share for the current year.

Centerra Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.28 dividend on an annualized basis and a yield of 1.7%. Centerra Gold’s payout ratio is currently 6.77%.

About Centerra Gold

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.