Wilmington Savings Fund Society FSB Purchases Shares of 14,000 Centerra Gold Inc. (NYSE:CGAU)

Wilmington Savings Fund Society FSB purchased a new stake in shares of Centerra Gold Inc. (NYSE:CGAU) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 14,000 shares of the company’s stock, valued at approximately $80,000.

A number of other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Centerra Gold by 8.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,308 shares of the company’s stock valued at $419,000 after purchasing an additional 4,373 shares during the period. Toronto Dominion Bank grew its stake in shares of Centerra Gold by 22.8% during the 3rd quarter. Toronto Dominion Bank now owns 33,921 shares of the company’s stock valued at $243,000 after purchasing an additional 6,307 shares during the period. CWM LLC purchased a new position in shares of Centerra Gold during the 3rd quarter valued at about $57,000. SG Americas Securities LLC purchased a new position in shares of Centerra Gold during the 4th quarter valued at about $59,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Centerra Gold during the 3rd quarter valued at about $89,000. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Trading Down 0.8 %

NYSE CGAU opened at $6.61 on Friday. The stock’s 50 day moving average is $6.01 and its 200 day moving average is $6.51. Centerra Gold Inc. has a 12 month low of $4.60 and a 12 month high of $7.82. The stock has a market cap of $1.39 billion, a PE ratio of 13.76 and a beta of 0.91.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CGAU shares. Desjardins raised Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Scotiabank lowered their price objective on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.