Centerra Gold Inc. (NYSE:CGAU) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 378.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 454,939 shares of the company's stock after acquiring an additional 359,905 shares during the period. Geode Capital Management LLC owned about 0.22% of Centerra Gold worth $4,152,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CGAU. CWM LLC acquired a new position in Centerra Gold during the third quarter worth $57,000. Capstone Investment Advisors LLC acquired a new position in shares of Centerra Gold during the 3rd quarter worth $89,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Centerra Gold by 12.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company's stock valued at $96,000 after purchasing an additional 1,573 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Centerra Gold in the third quarter valued at about $127,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Centerra Gold in the second quarter valued at about $131,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Desjardins upgraded shares of Centerra Gold to a "moderate buy" rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $11.00.

Centerra Gold Trading Down 1.2 %

Shares of CGAU stock traded down $0.07 during mid-day trading on Monday, reaching $5.72. The stock had a trading volume of 573,859 shares, compared to its average volume of 613,153. Centerra Gold Inc. has a 12-month low of $4.47 and a 12-month high of $7.82. The business has a 50-day simple moving average of $6.03 and a 200 day simple moving average of $6.63. The company has a market cap of $1.20 billion, a P/E ratio of 11.92 and a beta of 0.90.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The business had revenue of $323.93 million for the quarter. Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. During the same period in the prior year, the firm posted $0.20 EPS. Research analysts anticipate that Centerra Gold Inc. will post 0.79 EPS for the current year.

Centerra Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Wednesday, November 13th. This is a boost from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's dividend payout ratio is 41.67%.

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.