PCJ Investment Counsel Ltd. Has $1.66 Million Stock Position in Centerra Gold Inc. (NYSE:CGAU)

PCJ Investment Counsel Ltd. reduced its stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 33.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 291,208 shares of the company's stock after selling 143,420 shares during the quarter. PCJ Investment Counsel Ltd. owned 0.14% of Centerra Gold worth $1,655,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Centerra Gold in the 4th quarter valued at $59,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Centerra Gold in the 4th quarter valued at $80,000. Capstone Investment Advisors LLC acquired a new position in shares of Centerra Gold in the 3rd quarter valued at $89,000. HighTower Advisors LLC acquired a new position in shares of Centerra Gold in the 3rd quarter valued at $127,000. Finally, Entropy Technologies LP acquired a new position in shares of Centerra Gold in the 4th quarter valued at $177,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. 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. Cormark cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Desjardins lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Centerra Gold presently has a consensus rating of "Hold" and an average target price of $11.00.

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Centerra Gold Stock Down 0.1 %

NYSE:CGAU traded down $0.01 during mid-day trading on Wednesday, reaching $5.66. 1,511,455 shares of the company were exchanged, compared to its average volume of 758,991. Centerra Gold Inc. has a 12 month low of $5.46 and a 12 month high of $7.82. The company has a fifty day moving average of $6.09 and a 200 day moving average of $6.41. The stock has a market cap of $1.19 billion, a PE ratio of 15.71 and a beta of 0.92.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its 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). The business had revenue of $302.40 million during 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, equities research analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.95%. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, March 13th. Centerra Gold's dividend payout ratio (DPR) is currently 52.78%.

Centerra Gold 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.