Jane Street Group LLC Increases Position in Centerra Gold Inc. (NYSE:CGAU)

Jane Street Group LLC lifted its holdings in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 145.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 419,992 shares of the company's stock after purchasing an additional 249,004 shares during the period. Jane Street Group LLC owned about 0.20% of Centerra Gold worth $3,015,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC bought a new stake in Centerra Gold during the third quarter worth approximately $57,000. Capstone Investment Advisors LLC purchased a new stake in Centerra Gold in the 3rd quarter worth about $89,000. Vanguard Personalized Indexing Management LLC lifted its stake in Centerra Gold by 12.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company's stock worth $96,000 after purchasing an additional 1,573 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Centerra Gold in the third quarter worth approximately $127,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Centerra Gold in the second quarter worth $131,000. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Price Performance

NYSE:CGAU traded up $0.01 during mid-day trading on Friday, hitting $5.69. The company's stock had a trading volume of 5,403,866 shares, compared to its average volume of 698,066. The business's fifty day moving average is $6.39 and its two-hundred day moving average is $6.72. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 11.85 and a beta of 0.89. Centerra Gold Inc. has a 1 year low of $4.47 and a 1 year high of $7.82.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly 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). Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. The company had revenue of $323.93 million during the quarter. During the same quarter in the prior year, the company earned $0.20 earnings per share. Analysts anticipate that Centerra Gold Inc. will post 0.79 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.052 dividend. This represents a $0.21 annualized dividend and a dividend yield of 3.66%. 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 (DPR) is currently 41.67%.

Analysts Set New Price Targets

Separately, Desjardins upgraded Centerra Gold to a "moderate buy" rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Centerra Gold presently has a consensus rating of "Moderate Buy" and an average price target of $11.00.

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.