Grantham Mayo Van Otterloo & Co. LLC Takes $614,000 Position in Centerra Gold Inc. (NYSE:CGAU)

Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 107,909 shares of the company's stock, valued at approximately $614,000. Grantham Mayo Van Otterloo & Co. LLC owned about 0.05% of Centerra Gold as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CGAU. Atria Wealth Solutions Inc. grew its holdings in Centerra Gold by 11.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company's stock worth $284,000 after acquiring an additional 5,000 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Centerra Gold by 22.8% during the third quarter. Toronto Dominion Bank now owns 33,921 shares of the company's stock valued at $243,000 after acquiring an additional 6,307 shares in the last quarter. SG Americas Securities LLC purchased a new position in Centerra Gold during the 4th quarter valued at $59,000. Massachusetts Financial Services Co. MA bought a new position in Centerra Gold in the 4th quarter worth $60,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Centerra Gold in the 4th quarter worth about $80,000. Hedge funds and other institutional investors own 55.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CGAU shares. Raymond James reissued an "outperform" rating on shares of Centerra Gold in a research note on Friday, April 4th. Scotiabank lowered their target price on Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating for the company in a research note on Wednesday, January 15th. CIBC restated a "neutral" rating on shares of Centerra Gold in a research report on Thursday, March 20th. National Bank Financial upgraded Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Centerra Gold in a research report on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $11.00.

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Centerra Gold Stock Up 2.3 %

Shares of NYSE CGAU traded up $0.15 during trading on Monday, reaching $6.76. The company had a trading volume of 291,000 shares, compared to its average volume of 903,507. Centerra Gold Inc. has a 12-month low of $5.41 and a 12-month high of $7.82. The business's 50-day moving average is $6.14 and its 200 day moving average is $6.25. The stock has a market cap of $1.42 billion, a PE ratio of 18.78 and a beta of 0.81.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $302.40 million for 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, analysts anticipate that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.28 annualized dividend and a yield of 4.14%. This is a boost from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's dividend payout ratio (DPR) is currently 52.78%.

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.