O Shaughnessy Asset Management LLC Grows Holdings in Centerra Gold Inc. (NYSE:CGAU)

O Shaughnessy Asset Management LLC increased its holdings in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 261.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 220,906 shares of the company's stock after purchasing an additional 159,865 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.11% of Centerra Gold worth $1,257,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Centerra Gold during the 4th quarter worth approximately $59,000. Wilmington Savings Fund Society FSB acquired a new position in Centerra Gold during the fourth quarter worth $80,000. HighTower Advisors LLC purchased a new position in Centerra Gold during the third quarter valued at $127,000. Entropy Technologies LP acquired a new stake in shares of Centerra Gold in the fourth quarter valued at about $177,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Centerra Gold during the third quarter worth about $206,000. Hedge funds and other institutional investors own 55.40% of the company's stock.

Centerra Gold Stock Performance

Shares of NYSE CGAU traded up $0.35 during trading on Friday, hitting $6.60. 1,426,800 shares of the company were exchanged, compared to its average volume of 838,834. Centerra Gold Inc. has a 12-month low of $5.41 and a 12-month high of $7.82. The company has a fifty day moving average price of $6.14 and a 200-day moving average price of $6.26. The firm has a market capitalization of $1.38 billion, a PE ratio of 18.33 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The firm had revenue of $302.40 million for the quarter, compared to analyst estimates of $316.92 million. Research analysts anticipate that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's dividend payout ratio is 52.78%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CGAU shares. CIBC reaffirmed a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. Desjardins cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 13th. National Bank Financial upgraded shares of Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. Cormark lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Scotiabank dropped their price objective on shares of 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. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Centerra Gold currently has a consensus rating of "Moderate Buy" and a consensus 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.