Aristides Capital LLC Raises Stake in Centerra Gold Inc. (NYSE:CGAU)

Aristides Capital LLC grew its holdings in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 164.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,018 shares of the company's stock after acquiring an additional 50,336 shares during the period. Aristides Capital LLC's holdings in Centerra Gold were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CGAU. Geode Capital Management LLC raised its holdings 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 valued at $4,152,000 after purchasing an additional 359,905 shares in the last quarter. Jane Street Group LLC raised its stake in Centerra Gold by 145.6% in the third quarter. Jane Street Group LLC now owns 419,992 shares of the company's stock valued at $3,015,000 after buying an additional 249,004 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Centerra Gold during the 3rd quarter worth about $4,454,000. HighTower Advisors LLC acquired a new position in shares of Centerra Gold during the 3rd quarter worth about $127,000. Finally, Barclays PLC raised its position in shares of Centerra Gold by 284.5% during the 3rd quarter. Barclays PLC now owns 74,930 shares of the company's stock worth $537,000 after acquiring an additional 55,444 shares in the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.

Centerra Gold Trading Up 5.4 %

Shares of Centerra Gold stock traded up $0.34 during trading on Friday, reaching $6.59. The company's stock had a trading volume of 885,458 shares, compared to its average volume of 835,170. The firm has a market cap of $1.38 billion, a PE ratio of 18.36 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. The company has a 50-day moving average price of $6.14 and a two-hundred day moving average price of $6.27.

Remove Ads

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

Centerra Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a yield of 4.25%. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's dividend payout ratio (DPR) is presently 52.78%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CGAU shares. Scotiabank lowered their price target on Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating for the company in a report on Wednesday, January 15th. Cormark downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. CIBC reiterated a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. National Bank Financial upgraded shares of Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Desjardins cut Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Centerra Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.00.

Centerra Gold Company 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.