Quadrature Capital Ltd Sells 276,000 Shares of Centerra Gold Inc. (NYSE:CGAU)

Quadrature Capital Ltd lessened its position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 39.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 426,600 shares of the company's stock after selling 276,000 shares during the period. Quadrature Capital Ltd owned approximately 0.20% of Centerra Gold worth $3,066,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGAU. Acadian Asset Management LLC increased its holdings in Centerra Gold by 594.6% during the 2nd quarter. Acadian Asset Management LLC now owns 8,862,170 shares of the company's stock worth $59,532,000 after acquiring an additional 7,586,370 shares during the period. Bank of Montreal Can grew its stake in Centerra Gold by 158.9% in the 2nd quarter. Bank of Montreal Can now owns 2,433,241 shares of the company's stock worth $16,881,000 after buying an additional 1,493,349 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Centerra Gold by 36.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,390,005 shares of the company's stock worth $31,514,000 after buying an additional 1,175,000 shares in the last quarter. American Century Companies Inc. grew its stake in Centerra Gold by 132.8% in the 2nd quarter. American Century Companies Inc. now owns 1,835,673 shares of the company's stock worth $12,345,000 after buying an additional 1,047,142 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Centerra Gold in the 2nd quarter worth approximately $6,772,000. Institutional investors own 55.40% of the company's stock.

Analyst Ratings Changes

Separately, Desjardins raised shares of Centerra Gold to a "moderate buy" rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $11.00.

Centerra Gold Stock Down 2.7 %

Shares of Centerra Gold stock traded down $0.16 during trading on Friday, reaching $5.84. The company's stock had a trading volume of 742,621 shares, compared to its average volume of 661,062. Centerra Gold Inc. has a 52-week low of $4.47 and a 52-week high of $7.82. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 12.50 and a beta of 0.89. The firm's 50-day moving average is $6.67 and its two-hundred day moving average is $6.81.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $323.93 million during the quarter. During the same period last year, the business earned $0.20 earnings per share. On average, equities research analysts anticipate that Centerra Gold Inc. will post 0.79 EPS for the current year.

Centerra Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.052 dividend. This is a boost from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 3.56%. Centerra Gold's dividend payout ratio is 41.67%.

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.