Bank of Montreal Can Sells 207,944 Shares of Centerra Gold Inc. (NYSE:CGAU)

Bank of Montreal Can lessened its holdings in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,661,091 shares of the company's stock after selling 207,944 shares during the period. Bank of Montreal Can owned 1.74% of Centerra Gold worth $20,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of CGAU. Donald Smith & CO. Inc. raised its holdings in shares of Centerra Gold by 30.1% during the fourth quarter. Donald Smith & CO. Inc. now owns 8,723,060 shares of the company's stock worth $49,634,000 after acquiring an additional 2,017,756 shares in the last quarter. Amundi lifted its stake in shares of Centerra Gold by 168.6% in the fourth quarter. Amundi now owns 2,628,623 shares of the company's stock valued at $15,377,000 after buying an additional 1,650,160 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Centerra Gold by 24.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,808,773 shares of the company's stock worth $33,028,000 after purchasing an additional 1,126,825 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Centerra Gold by 34.1% during the 4th quarter. American Century Companies Inc. now owns 3,291,860 shares of the company's stock worth $18,733,000 after acquiring an additional 836,777 shares during the period. Finally, U S Global Investors Inc. acquired a new stake in Centerra Gold during the fourth quarter valued at approximately $3,667,000. Institutional investors and hedge funds own 55.40% of the company's stock.

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Centerra Gold Stock Up 2.9 %

Shares of CGAU stock traded up $0.20 on Wednesday, reaching $7.03. The company had a trading volume of 862,556 shares, compared to its average volume of 839,668. The business's 50-day moving average is $6.14 and its 200 day moving average is $6.25. Centerra Gold Inc. has a one year low of $5.41 and a one year high of $7.82. The stock has a market capitalization of $1.48 billion, a PE ratio of 19.53 and a beta of 0.81.

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

Centerra Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a yield of 3.98%. Centerra Gold's dividend payout ratio is 52.78%.

Analysts Set New Price Targets

CGAU has been the topic of a number of recent analyst reports. National Bank Financial raised Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. National Bankshares reaffirmed an "outperform" rating on shares of Centerra Gold in a research note on Wednesday, April 2nd. Scotiabank restated an "outperform" rating on shares of Centerra Gold in a report on Monday. CIBC reissued a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. Finally, Raymond James reissued an "outperform" rating on shares of Centerra Gold in a research report on Friday, April 4th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Centerra Gold has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

Centerra Gold Profile

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.