Centerra Gold Inc. (NYSE:CGAU) Stock Holdings Lifted by Guggenheim Capital LLC

Guggenheim Capital LLC increased its position in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 121.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 371,645 shares of the company's stock after buying an additional 204,057 shares during the quarter. Guggenheim Capital LLC owned about 0.18% of Centerra Gold worth $2,115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake 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 acquiring an additional 359,905 shares during the period. HighTower Advisors LLC purchased a new position in Centerra Gold in the third quarter valued at about $127,000. Raymond James Financial Inc. purchased a new position in Centerra Gold in the fourth quarter valued at about $268,000. Barclays PLC lifted its stake in shares of Centerra Gold by 284.5% during the third quarter. Barclays PLC now owns 74,930 shares of the company's stock worth $537,000 after purchasing an additional 55,444 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Centerra Gold by 34.1% in the fourth quarter. American Century Companies Inc. now owns 3,291,860 shares of the company's stock worth $18,733,000 after buying an additional 836,777 shares during the period. Institutional investors and hedge funds own 55.40% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on CGAU shares. National Bank Financial raised Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. Cormark cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Desjardins lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a report on Wednesday, April 2nd. Finally, Scotiabank restated an "outperform" rating on shares of Centerra Gold in a research note on Monday, April 14th. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $12.00.

Centerra Gold Stock Up 0.6 %

NYSE CGAU traded up $0.04 during trading hours on Thursday, hitting $6.73. The company had a trading volume of 493,922 shares, compared to its average volume of 847,524. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $7.82. The firm has a market cap of $1.41 billion, a P/E ratio of 18.69 and a beta of 0.81. The business has a fifty day simple moving average of $6.17 and a 200-day simple moving average of $6.24.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its 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). The business had revenue of $302.40 million during the quarter, compared to analyst estimates of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. Equities analysts forecast that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.16%. 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 is 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.