Hartree Partners LP Has $2.33 Million Stake in Centerra Gold Inc. (NYSE:CGAU)

Hartree Partners LP trimmed its position in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 29.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 410,000 shares of the company's stock after selling 168,450 shares during the period. Centerra Gold makes up about 0.9% of Hartree Partners LP's holdings, making the stock its 28th biggest position. Hartree Partners LP owned approximately 0.20% of Centerra Gold worth $2,332,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its holdings in Centerra Gold by 59.0% in the third quarter. Bank of Montreal Can now owns 3,869,035 shares of the company's stock valued at $28,690,000 after acquiring an additional 1,435,794 shares during the period. Quantbot Technologies LP boosted its position in shares of Centerra Gold by 129.6% in the 3rd quarter. Quantbot Technologies LP now owns 57,796 shares of the company's stock worth $414,000 after buying an additional 32,621 shares in the last quarter. FMR LLC grew its stake in Centerra Gold by 114.5% in the 3rd quarter. FMR LLC now owns 37,100 shares of the company's stock valued at $266,000 after acquiring an additional 19,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Centerra Gold by 8.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,308 shares of the company's stock worth $419,000 after acquiring an additional 4,373 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. boosted its holdings in shares of Centerra Gold by 15.1% during the third quarter. Northwest & Ethical Investments L.P. now owns 150,869 shares of the company's stock worth $1,083,000 after purchasing an additional 19,791 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.

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Centerra Gold Price Performance

Shares of CGAU stock traded down $0.05 on Thursday, hitting $6.24. 473,205 shares of the stock traded hands, compared to its average volume of 877,037. Centerra Gold Inc. has a 1-year low of $5.46 and a 1-year high of $7.82. The company's fifty day moving average is $6.19 and its 200 day moving average is $6.33. The company has a market capitalization of $1.31 billion, a PE ratio of 17.33 and a beta of 0.92.

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 (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The firm had revenue of $302.40 million for the quarter, compared to analyst estimates of $316.92 million. As a group, equities research analysts expect that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date was Thursday, March 13th. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's payout ratio is currently 52.78%.

Analysts Set New Price Targets

CGAU has been the topic of several recent analyst reports. CIBC reiterated a "neutral" rating on shares of Centerra Gold in a research report on Thursday, March 20th. 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. National Bank Financial raised shares of Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Cormark lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Desjardins downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $11.00.

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.