Counterpoint Mutual Funds LLC bought a new position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 72,544 shares of the company's stock, valued at approximately $413,000.
A number of other institutional investors also recently bought and sold shares of CGAU. PCJ Investment Counsel Ltd. raised its stake in Centerra Gold by 59.6% during the third quarter. PCJ Investment Counsel Ltd. now owns 434,628 shares of the company's stock worth $3,120,000 after purchasing an additional 162,382 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Centerra Gold by 36.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,390,005 shares of the company's stock worth $31,514,000 after purchasing an additional 1,175,000 shares during the period. Bank of Montreal Can raised its stake in Centerra Gold by 59.0% during the third quarter. Bank of Montreal Can now owns 3,869,035 shares of the company's stock worth $28,690,000 after purchasing an additional 1,435,794 shares during the period. Quantbot Technologies LP raised its stake in Centerra Gold by 129.6% during the third quarter. Quantbot Technologies LP now owns 57,796 shares of the company's stock worth $414,000 after purchasing an additional 32,621 shares during the period. Finally, FMR LLC raised its stake in Centerra Gold by 114.5% during the third quarter. FMR LLC now owns 37,100 shares of the company's stock worth $266,000 after purchasing an additional 19,800 shares during the period. 55.40% of the stock is owned by hedge funds and other institutional investors.
Centerra Gold Price Performance
Shares of CGAU stock traded up $0.17 during trading on Tuesday, reaching $6.15. The company's stock had a trading volume of 1,327,736 shares, compared to its average volume of 771,491. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 17.07 and a beta of 0.92. The stock's 50-day moving average price is $6.10 and its 200 day moving average price is $6.36. Centerra Gold Inc. has a 1-year low of $5.46 and a 1-year high of $7.82.
Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates 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%. On average, sell-side analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.
Centerra Gold Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.07 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.56%. This is a boost from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's payout ratio is 52.78%.
Wall Street Analyst Weigh In
CGAU has been the subject of a number of recent analyst reports. Cormark cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Desjardins cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 13th. Finally, Scotiabank dropped their price target on shares of Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating for the company in a research report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $11.00.
Get Our Latest Stock Report on CGAU
About Centerra Gold
(
Free Report)
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.
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