Northwest & Ethical Investments L.P. reduced its holdings in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 90.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,090 shares of the company's stock after selling 135,779 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Centerra Gold were worth $86,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Centerra Gold by 8.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,308 shares of the company's stock worth $419,000 after purchasing an additional 4,373 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in Centerra Gold by 11.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company's stock valued at $284,000 after buying an additional 5,000 shares during the last quarter. Toronto Dominion Bank lifted its stake in Centerra Gold by 22.8% during the 3rd 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 bought a new stake in shares of Centerra Gold in the 4th quarter worth $59,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of Centerra Gold during the third quarter valued at about $89,000. 55.40% of the stock is owned by institutional investors.
Centerra Gold Stock Up 2.1 %
Shares of NYSE CGAU traded up $0.14 during trading hours on Thursday, reaching $6.42. 459,723 shares of the stock traded hands, compared to its average volume of 781,423. The company has a market capitalization of $1.35 billion, a P/E ratio of 17.82 and a beta of 0.92. The company's 50-day simple moving average is $6.15 and its two-hundred day simple moving average is $6.34. Centerra Gold Inc. has a 52-week low of $5.46 and a 52-week 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The company 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%. As a group, sell-side analysts forecast that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.
Centerra Gold Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $0.07 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.28 annualized dividend and a dividend yield of 4.36%. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's dividend payout ratio is currently 52.78%.
Wall Street Analyst Weigh In
CGAU has been the topic of a number of research analyst reports. Desjardins downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. CIBC reiterated a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. National Bank Financial raised shares of Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. Scotiabank cut their price target on Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating for the company in a report on Wednesday, January 15th. Finally, Cormark cut Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $11.00.
Check Out Our Latest Analysis 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.
Featured Articles
Before you consider Centerra Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Centerra Gold wasn't on the list.
While Centerra Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
