Arrowstreet Capital Limited Partnership Purchases 1,126,825 Shares of Centerra Gold Inc. (NYSE:CGAU)

Arrowstreet Capital Limited Partnership lifted its position in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 24.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,808,773 shares of the company's stock after purchasing an additional 1,126,825 shares during the quarter. Arrowstreet Capital Limited Partnership owned 2.77% of Centerra Gold worth $33,028,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CGAU. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Centerra Gold by 8.1% in 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 last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Centerra Gold by 11.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company's stock valued at $284,000 after buying an additional 5,000 shares during the last quarter. Toronto Dominion Bank lifted its position in Centerra Gold by 22.8% during the 3rd quarter. Toronto Dominion Bank now owns 33,921 shares of the company's stock worth $243,000 after buying an additional 6,307 shares in the last quarter. SG Americas Securities LLC bought a new stake in Centerra Gold during the 4th quarter worth about $59,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Centerra Gold during the 4th quarter worth about $80,000. Institutional investors own 55.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CGAU shares. Desjardins lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 13th. CIBC reaffirmed a "neutral" rating on shares of Centerra Gold in a report on Thursday, March 20th. National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a research report on Wednesday, April 2nd. National Bank Financial upgraded Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Scotiabank decreased their price target on Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating on the stock in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Centerra Gold has an average rating of "Moderate Buy" and a consensus target price of $11.00.

Centerra Gold Stock Performance

CGAU traded up $0.01 during trading on Monday, reaching $5.62. 787,145 shares of the company's stock were exchanged, compared to its average volume of 828,205. The company's fifty day moving average price is $6.18 and its 200-day moving average price is $6.30. The firm has a market capitalization of $1.18 billion, a PE ratio of 15.60 and a beta of 0.81. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $7.82.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The company had revenue of $302.40 million during the quarter, compared to the consensus estimate of $316.92 million. Research analysts forecast that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.99%. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, March 13th. Centerra Gold's dividend payout ratio (DPR) is currently 52.78%.

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.